AdmitMe
Accounts (Principles of Accounts) · Double entry and the ledger

Accounts (Principles of Accounts)Double entry and the ledgerWAEC

Goods taken by the owner for personal use are

Show answer

Answer: D. debited to drawings and credited to purchases

They reduce goods available for sale.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Double entry and the ledger questions