Value of goods withdrawn by the proprietor for his personal use should be credited to ____

Related MCQs

• Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?
• The excess price received over the par value of shares, should be credited __________.
• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• According to which concept, the proprietor pays interest on drawings
• Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
• All revenue incomes are credited to
• Under fixed capital methods, profit will be credited to:
• In case of retirement of a partner full good will is credited to the accounts of:
• At the time of dissolution non – cash assets are credited with:
• The amount of interest is credited by the buyer to ________