Drawings by a partner or a sole trader from their business may be:
A) cash taken out on a regular basis.
B) the owner's personal bills paid by the business, e.g. children's school fees.
C) goods taken for personal consumption.
D) all of the above.

Question

Quizplus · Accepted Answer

Drawings by a partner or a sole trader from their business can include cash taken out on a regular basis, the owner's personal bills paid by the business, and goods taken for personal consumption.

Drawings by a Partner or a Sole Trader from Their