The Withdrawal of Cash by the Owner for Personal Use

question 150

Multiple Choice

The withdrawal of cash by the owner for personal use would include a:

• A)debit to the owner's capital account.
• B)credit to the owner's withdrawals account.
• C)credit to the owner's capital account.
• D)debit to the owner's withdrawals account.

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Definitions:

Simple Random Sampling

A sampling method where each member of a population has an equal chance of being included in the sample.

Equal Probability

This refers to the concept that all outcomes or members of a population have the same chance of occurring or being chosen.

Stratified Random

A sampling method that involves dividing the population into subgroups and randomly selecting samples from each subgroup to ensure representation.

Nonprobability Sampling

Type of sampling procedure in which one cannot specify the probability that any member of the population will be included in the sample.