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If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use
If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to: Debit Salary Expense and credit Cash. Debit Liability and credit Cash. Debit Cash and credit Drawings. O Debit drawings and credit Cash
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The ISO 14000 EMS Audit Handbook
Authors: Greg Johnson
1st Edition
1574440691, 978-1574440690
