WAEC Book Keeping 2025 Theory — Question 12
Question 12 of 40 from the West African Examinations Council (WAEC) Book Keeping 2025 Theory paper, with the correct answer and a full explanation.
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State the effect on the balance sheet of: owner withdrew money from the business.
Model answer
Decreases bank/cash balance (asset) and decreases owner's capital (equity) via drawings.
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