MCQOPTIONS
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| 1. |
Withdrawal of goods from stock by the owner of the business for personal use should be recorded by |
| A. | Debiting Stock Account and crediting Capital Account |
| B. | Debiting Capital Account and crediting Drawings Account |
| C. | Debiting Drawings Account and Crediting Stock Account |
| D. | Debiting Stock Account and Crediting Drawings Account |
| Answer» D. Debiting Stock Account and Crediting Drawings Account | |