O-LevelAccountingSources and recording of data7707/12 · May/June 2014 · Q191 Mark

The owner of a business takes goods for his own use. How is this recorded? account to be debited account to be credited A drawings inventory B drawings purchases C inventory drawings D purchases drawings

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, May/June 2014 Paper 1 Variant 2, question 19.

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