‘Cash withdrawn by the proprietor from the business for his personal use’ causes …………….
A. Decrease in assets and decrease in owner’s capital
B. Increase in one asset and decrease in another asset
C. Increase in one asset and increase in liabilities
D. Increase in asset and decrease in capital
Answer:A
‘Cash withdrawn by the proprietor from the business for his personal use’ causes …………….
A. Decrease in assets and decrease in owner’s capital B. Increase in one asset and decrease in another asset C. Increase in one asset and increase in liabilities D. Increase in asset and decrease in capital