The accounting entries for recording cash withdrawal by the proprietor for personal use are, debit

  • A cash ad credit purchases
  • B purchases and credit drawings
  • C purchases and credit cash
  • D drawings and credit cash
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The correct answer is D. drawings and credit cash

When the proprietor withdraws cash for personal use, it reduces the business’s cash and the proprietor’s capital in the business.

This transaction is recorded as a debit to the Drawings account and a credit to the Cash account. So, the correct answer is D. Drawings and credit Cash. This reflects the decrease in assets (Cash) and the decrease in owner’s equity (Drawings).

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