When an Owner Makes a Withdrawal

question 40

Multiple Choice

When an owner makes a withdrawal

• A) it doesn't have to be cash it could be another asset.
• B) the owner's drawings account will be increased with a credit.
• C) the owner's capital account will be directly increased with a debit.
• D) the owner's drawings account will be decreased with a debit.

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Definitions:

Environmental Scanning

A process used by organizations to monitor, analyze, and evaluate their external environment to identify opportunities and threats.

Competitive Intelligence

The gathering and analysis of information concerning competitors' activities and general business trends to formulate strategies.

Environmental Scanning

The process of systematically examining the external environment to identify and understand trends, opportunities, and threats that could impact an organization.

HR Professionals

Individuals who work within an organization's human resources department, focusing on recruitment, management, and guidance of the company's employees.