When an Owner Makes a Withdrawal

question 104

Multiple Choice

When an owner makes a withdrawal

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

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Manufacturers

Entities engaged in the conversion of raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.