When proprietor withdrew cash from business for personal use , it is known as -

Related MCQs

• The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as
• In trial balance, which accounts with is/are recorded at the credit side? I)Sales II)Sales return III)Cash IV)Loan
• What are the two statements prepared for summarising the transactions? I)Balance Sheet II)Journal III)P&L IV)Cash Book
• Arun is a Book-seller, which item will be goods for his business ?
• Business enterprise is separate from its owner according to concept.
• The expenses due but not paid is known as -