WAEC Accounting 2013 Objective — Question 5
Question 5 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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The capital of a sole trader changes as a result of
- A. paying wages by cash
- B. equipment purchased by cheque
- C. drawings by chequeCorrect
- D. purchases of credit
Explanation
When the sole proprietor makes withdrawal from the company his capital reduces.
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