Fatima withdraws goods from the business for personal use. The accounting treatment is to debit ___________ - SchoolNGR

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Fatima withdraws goods from the business for personal use. The accounting treatment is ...

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Accounts - Principles of Accounts
Post Utme
Accounts - Principles of Accounts

Fatima withdraws goods from the business for personal use.
The accounting treatment is to debit ___________

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Stock account and credit profit and loss account
B Drawings account and credit stock account
C Profit and loss account and credit drawings account
D Stock account and credit drawings account

Correct Answer: Option B

Explanation:

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