Where a proprietor withdraws stock for personal consumption, the accounting entries to record the transaction…

Where a proprietor withdraws stock for personal consumption, the accounting entries to record the transaction are
  • A.
    debit drawings account, credit purchases account
  • B.
    debit purchases account, credit sales account
  • C.
    debit sales avvount, credit drawings account
  • D.
    debit drawings account, credit sales account
Correct Answer: Option A
Explanation
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