WAEC Accounting 2019 Objective — Question 25

Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

Sulah took two textile materials worth GH¢ 500 from his business for his children's use. This would be treated as a

Explanation

Withdrawal of goods and cash is drawings against the capital of the owner of the business.

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