If an Owner Withdraws Cash for Personal Use the Transaction

question 27

Multiple Choice

If an owner withdraws cash for personal use the transaction should be recorded in the

• A) sales journal.
• B) cash receipts journal.
• C) general journal.
• D) cash payments journal.

---

Definitions:

Status Report

A formal report detailing the current state of a project, including completed tasks and future plans.

Incident Report

A formal record describing the details of an unexpected event, often used for safety and quality control processes.

Directive

An instruction or order given by an authority, meant to guide actions or establish procedures within an organization or community.

Comprehensiveness

The characteristic of being thorough and encompassing most or all parts or facets of something.