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If the owner takes goods out of inventory for his use, how is this dealt with? a) Debited to drawings at cost, b) Debited to drawings at selling price, c) Credited to drawings at cost.

Accounting Financial Accounting Bookkeeping
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/09
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Saud Farooq
by Saud Farooq , Head of Finance , DXB Entertainments PJSC ( Dubai Holding )

Debited to drawings at cost

ABDELLAH ADDI
by ABDELLAH ADDI , head of regional sales , Zine capital invest

La bonne réponse est de débité de dessins au coût.

MUHAMMAD ETIMAD SYED
by MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

Correct answer is

a) Debited to drawings at cost.

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