Multiple Choice Questions on is the withdrawal of cash and goods by the owner of the business for his her personal use ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

is the withdrawal of cash and goods by the owner of the business for his her personal use ........

General Accounting Principles Fund flow statement 
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     ______ is the withdrawal of cash and goods by the owner of the business for his/her personal use.

    Depreciation 

    Incorrect Answer

    Drawings 

    Correct Answer

    Outflow of cash 

    Incorrect Answer

     Appreciation 

    Incorrect Answer
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    Explanation:

    Drawings is the withdrawal of cash and goods by the owner of the business for his/her personal use. Assets in the form of Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.

    By: DATTA DINKAR CHAVAN
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