Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?

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14AccountingMedium

AStock

BCash

CBusiness

DDrawings

Correct answer

D. Drawings

Explanation

Drawings is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use? - Answer and Explanation | Academy of Pakistan