A trader took cash from the business for personal use What effect would this have on the financial statements Current assets A decrease B decrease Profit for the year increase no effect C increase decrease D increase increase...

choice B is the most likely The proprietor takes ...

A trader took cash from the business for personal use. What effect would this have on the

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A trader took cash from the business for personal use. What effect would this have on the financial statements?

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 15, 2021 05:45 AM

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A trader took cash from the business for personal use. What effect would this have on the

Question:

Current assets A decrease B decrease Profit for the year increase no effect C increase decrease D increase increase

Step by Step Answer:

choice B is the most likely The proprietor takes ...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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