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:

Human Resource Strategy

A plan of action designed to achieve a company's objectives by effectively managing and deploying its human resources.

Micro-Business

A small business typically characterized by having fewer than 10 employees, often operating with a low capital investment and in a localized market.

HR Related Tasks

Activities and responsibilities associated with the human resources department, including recruitment, compensation, performance evaluations, and employee relations.

Future Orientation

The extent to which individuals or organizations focus on and prepare for future events and possibilities, often associated with long-term success and planning.