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Rahul, the proprietor of M/s. R. K. & Co. purchased an air conditioner and installed it at his residence. The payment was made by issuing a cheque from the account of M/s. R. K. & Co. The accountant debited the Drawings account. Which principle of accounting did he apply?

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Rahul, the proprietor of M/s. R. K. & Co. purchased an air conditioner and installed it at his residence. The payment was made by issuing a cheque from the account of M/s. R. K. & Co. The accountant debited the Drawings account. Which principle of accounting did he apply?






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