What is the entry of goods taken by owner?

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if a business has a net income for the period, the journal entry to close the b...
Posted by:
خالد ابراهيم
10-November-2013

Accounting Journals Economics

Question added by dhananjay Kumar
Date Posted: 2016/05/08

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by Chandra Mouli , Sr. Accountant , Saddles India

Debit the Owner and credit the asset if he takes out from the company.

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