Goods of Rs 5000 were taken by him for personal use

1.	Goods of Rs 5000 were taken by him for personal use
Answer» Drawings a/c Dr 5000____To purchase a/c 5000(being goods taken for personal use)The\xa0goods taken by the proprietor for personal use, reduces the inventory of the business. Hence,it is placed on a temporary drawings account. It reduces the Owner\'s equity account. It is not an expense of the business.

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