Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Hassan is a trader. Over the financial year, he took goods from the business for his own personal use. How should he record this?

  • Adebit: drawings; credit: inventory
  • Bdebit: drawings; credit: purchases
  • Cdebit: income statement; credit: inventory
  • Ddebit: income statement; credit: purchases

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