When an Owner Makes a Withdrawal

question 39

Multiple Choice

When an owner makes a withdrawal

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

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Definitions:

Tropical Winds

Wind systems that occur near the Earth's equatorial region, characterized by warm temperatures.

Surface Water

All bodies of water found on the Earth's surface, such as rivers, lakes, wetlands, and oceans, as opposed to groundwater.

Condenses

The process by which a substance changes from a gaseous state to a liquid state.

Low-pressure Cells

Areas in the Earth's atmosphere where the air pressure is lower than that of the surrounding regions, often associated with wet weather conditions.