Which of the Following Entries Records the Withdrawal of Cash

question 97

Multiple Choice

Which of the following entries records the withdrawal of cash for personal use by Ty Knott,the owner of a business?

• A) debit Cash and credit Ty Knott,Capital
• B) debit Cash and credit Salary Expense
• C) debit Salary Expense and credit Cash
• D) debit Ty Knott,Drawing,and credit Cash

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Definitions:

Outgroup Homogeneity Bias

The perception that individuals outside one's own group are more similar to each other than they really are.

Outgroup Members

Individuals who are perceived as not belonging to one's own group, often defined in contrast to ingroup members, and may be subject to differing treatment or biases.

Outgroup Homogeneity Effect

A psychological phenomenon in which an individual perceives members of a group to which they do not belong as being more similar to each other than they actually are.

Aversive Racists

Individuals who hold subconscious negative attitudes towards a race but consciously endorse egalitarian values and believe they are non-prejudiced.