Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Mui runs a household appliance store. For his own personal use, he took a washing machine from the business. Mui recorded the transaction in this way. account debited: drawings account credited: sales Were these the correct entries to record this transaction?

  • Adebit entry: no, credit entry: no
  • Bdebit entry: no, credit entry: yes
  • Cdebit entry: yes, credit entry: no
  • Ddebit entry: yes, credit entry: yes

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