ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following account is affected from the

    drawings of cash in sole-proprietorship business?
    A Shareholder account Correct Answer Incorrect Answer
    B Capital account Correct Answer Incorrect Answer
    C Liability account Correct Answer Incorrect Answer
    D Expense account Correct Answer Incorrect Answer

    Solution

    the capital account refers to the account that tracks the owner's equity or the net worth of an individual or business. It records the changes in the value of assets and liabilities that result from transactions or investments made by the owner or investor.

    Practice Next
    More ESIC Part B Questions

    Relevant for Exams:

    ask-question