Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Sahil removed goods from the business for his own personal use. The cost of these goods was $60$ and their selling price was $100$. Which entry would have been made in the drawings account to record this withdrawal of goods?

  • A$60$ credit
  • B$60$ debit
  • C$100$ credit
  • D$100$ debit

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI