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      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.

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