Download App

Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy1 Mark
Question
What are Drawings?
✓

Answer

The total amount of goods and services are withdrawn by the proprietor from time to time for self-use is called drawings.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer in One Sentence" from Introduction to Book Keeping and Accountancy→Introduction to Book Keeping and Accountancy — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

What is Capital?
→
What is Ledger?
→
What is Transaction?
→
How Opening Capital is calculated under the Single Entry System?
→
What do you mean by Credit Balance?
→
What are closing entries?
→
State the rules of Nominal Account.
→
Which account is debited, when rent is paid by Debit card?
→
What is a bank overdraft?
→
Explain the term ‘Cost Concept’.
→