What Would Be the Effect on the Accounts If the Owner

question 22

Multiple Choice

What would be the effect on the accounts if the owner withdrew cash?

• A)An asset would be credited and an expense credited.
• B)Withdrawals would be debited and an asset credited.
• C)An asset would be debited and a revenue credited.
• D)An expense would be debited and Capital credited.

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Definitions:

Personality

A set of enduring behavioral characteristics and internal predispositions for reacting to your environment.

Self-Concept

A person’s subjective description of who he or she is.

Reflexive Self

The concept that individuals can reflect upon themselves, their thoughts, and their actions, as objects of their own thought.

True Self

The authentic, original, or genuine aspect of a person that represents their deepest beliefs, values, and desires.