Sail E0 Webinar
Question
Withdrawals of cash from a bank by the proprietor for office use is termed as drawings. Is this statement correct?
Options:
A .  True
B .  False
C .  A & B both
D .  Neither A nor B
Answer: Option B
:
B
The amount which the owner withdraw from business for personal use is known as drawings.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers