If an Owner Makes a Withdrawal of Cash from a Proprietorship

question 106

Multiple Choice

If an owner makes a withdrawal of cash from a proprietorship, then

• A) there has been a violation of accounting principles.
• B) assets will decrease and owner's equity will increase.
• C) assets will decrease and owner's equity will decrease.
• D) assets will decrease and liabilities will increase.

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Definitions:

Intermediaries

Businesses or individuals that act as a link between the producer of goods and services and the consumer or buyer.

Digital Marketing Channels

Online platforms and mediums used by businesses to promote their products and services to consumers, including social media, email, search engines, and websites.

Organizational Buyers

These are entities such as businesses, governments, and institutions that purchase goods and services for use in their own operations, for resale, or for manufacturing other products.

Electronic Exchange

A digital marketplace where buyers and sellers trade goods, services, or securities via electronic systems.