Drawings at selling priceForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Drawings at selling priceThis topic has 1 reply, 2 voices, and was last updated 1 month ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts July 12, 2024 at 9:05 pm #708275 TitanParticipantTopics: 2Replies: 1☆If a business owner withdraws goods worth $4000 at selling price. And we are not given the cost of goods or any margin/markup.Would it be correct to:Dr Drawings $4000 Cr Sales $4000Because Cr purchases would make the purchases figure in correct as it contains element of profit in it.Please Advise. Thank you. July 13, 2024 at 10:40 am #708294 John MoffatKeymasterTopics: 57Replies: 54321☆☆☆☆☆That would be correct 🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In