O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2013 · Q201 Mark

A trader takes goods from the business for personal use. How is this recorded? account to be debited account to be credited

Adrawings inventory

Bdrawings purchases

Cinventory drawings

Dpurchases drawings

✓ Correct answer

B: drawings purchases

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 20.

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