Samir runs a shop. To set his selling price, he increases the cost of his stock by 50%. He took stock for personal use costing $100 but did not pay for it. How ought this to be recorded in the accounts?
- Adebit: drawings $100; credit: purchases $100
- Bdebit: drawings $150; credit: purchases $150
- Cdebit: trade receivables $100; credit: sales $100
- Ddebit: trade receivables $150; credit: sales $150