Which of the Following Entries Records the Owner Taking Cash

question 104

Multiple Choice

Which of the following entries records the owner taking cash for personal use?

• A) Wage Expense, debit; Cash, credit.
• B) Capital, debit; Cash, credit.
• C) No entry is necessary since the owner owns the cash and the entire business.
• D) Withdrawals, debit; Cash, credit.

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Definitions:

Psychiatric Disorder

A mental disorder characterized by significant disruptions in thought, behavior, and emotions, impairing daily functioning.

Depression

A mental disorder characterized by a lasting state of unhappiness or indifference to activities, which seriously affects one's day-to-day life.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often characterized by delusions, hallucinations, and disordered thinking.

Frontal Lobe Damage

Damage to the frontal region of the brain, which can affect personality, behavior, emotions, and cognitive functions.