In computing a retailer's financial requirements,a personal drawing account should be listed as a source of funds.

Name: In computing a retailer's financial requirements,a personal drawing account should be listed as a source of funds.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A personal drawing account represents money that the retailer withdraws from their business for personal use. It is not considered a source of funds for the business. Instead, sources of funds could include loans, investments, or profits from operations.

In Computing a Retailer's Financial Requirements,a Personal Drawing Account Should