Q120
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A.
Receipts
B.
Payments
AnswerC.
Incomes
D.
Expenditures
Answer: Option B
Solution
Answer: Option B
Solution:
Drawings by owner of business are generally recorded on Payments side of a cash book. Drawings are money or assets that are withdrawn from a company by its owners for personal use.