Which Accounts Are Affected When the Owner Withdraws Cash from the Business

question 153

Multiple Choice

Which accounts are affected when the owner withdraws cash from the business?

• A) Assets decrease and Withdrawals increase.
• B) Liabilities and Capital increase.
• C) Assets and Liabilities increase.
• D) None of the above are correct.

---

Definitions:

Objective Evidence

Information that is measurable, factual, and unbiased, observable by an external observer.

Counseling

The professional guidance of individuals by the use of psychological methods, particularly in resolving personal conflicts and emotional problems.

Research Training Environment

The context or setting in which research skills and knowledge are taught and learned.

Instructional Dimension

Aspects or components that define the structure, content, and delivery methods of educational material or teaching strategies.