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If Owner Draws $20000 Cash for personal use Than?

1. Assets will decrease and Capital will increase

2. Assets will remain the same but Capital will decrease

3. Assets and Capital both will decrease

4. The statement itself is wrong.

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Question ajoutée par Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date de publication: 2015/08/10
Sayed Rubab Sayed
par Sayed Rubab Sayed , Finance Officer , The Next

my answer is Option-3...............................

Adnan Mustafa
par Adnan Mustafa , Credit Controller , National Refreshment Company LLC

The correct answer is Option3. Assets and Capital both will decrease

Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option3 is the right answer.

Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Option3 ) is the correct answer   capital and cash will get reduced.

option ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,3

Malik Shoaib Amjid MALIK
par Malik Shoaib Amjid MALIK , Management Accountant , Arabian Auto Agency Company Limited

Its3rd option that assets and capital will decresse

Mujeeb Alam FCMA
par Mujeeb Alam FCMA , Costing Manager , Al Sharq Plas LLC

3. Assets and Capital both will decrease

in my openion the righ answer is Assets and Capital both will decrease

Gayasuddin Mohammed
par Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

3. Assets and Capital both will decrease is the right option***************

Ahmer Zamir
par Ahmer Zamir , Consultant , Saleem Associates & Co

Both Assets and Capital will be decreased

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