UTpaper

Free mock tests & test series

Question 64Asked in DSSSB TGT Computer Science (Technical), 12 Sep 2025, Shift 2 (1:00 PM)

How should the withdrawal of goods from stock by the owner of the business, for

How should the withdrawal of goods from stock by the owner of the business, for personal use, be recorded in books of accounts of an entity?
  1. ADebiting Drawing account and crediting cash account
  2. BDebiting Purchases account and crediting capital account
  3. CDebiting Capital account and crediting drawing account
  4. DDebiting Drawing account and crediting purchases/stock account
Show answerHide answer

Correct answer: (D) Debiting Drawing account and crediting purchases/stock account

Explanation

Goods taken for personal use reduce the goods available for sale, so the entry is Drawings A/c Dr. to Purchases A/c (at cost). No cash is involved.

From DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 2 (1:00 PM)

This is question 64 of DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 2 (1:00 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.