Accounting for IGCSE & O level - Final Statements (Section 13 - No. 46)
During the year, the owner took $1,000 for personal use. What is the effect of these personal drawings?
Increase the owner's equity
Decrease the owner's equity
Have no effect on the owner's equity
Increase the business's assets
คำอธิบาย
Drawings reduce the owner's equity.