Multiple Choice Questions on Drawings by owner of business are generally recorded on which of the following side of a cash book ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Drawings by owner of business are generally recorded on which of the following side of a cash book ........

General Accounting Principles Accounting cycles
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Drawings by owner of business are generally recorded on which of the following side of a cash book?

Receipts

Incorrect Answer

Payments

Correct Answer

Incomes

Incorrect Answer

Expenditures

Incorrect Answer
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Explanation:

Drawings by owner of business are generally recorded on Payments side of a cash book. Drawings are money or assets that are withdrawn from a company by its owners for personal use.

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