Free account: track your progress — Sign up free

GCE Accounting 2025 Objective — Question 40

Question 40 of 60 from the General Certificate of Education (GCE) Accounting 2025 Objective paper, with the correct answer and a full explanation.

Drawings recorded in the books shall appear on the debit side of the trial balance and be deducted from the owner's

A. assets
B. capitalCorrect
C. profit

Explanation

Drawings reduce the owner's capital and are deducted from the capital account.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2025 Objective More Accounting past papers