If an Owner Withdraws Cash for Personal Use the Transaction

question 27

Multiple Choice

If an owner withdraws cash for personal use the transaction should be recorded in the

• A) sales journal.
• B) cash receipts journal.
• C) general journal.
• D) cash payments journal.

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Definitions:

Appropriate Graphic

A visual element such as a chart, diagram, or image that is suitable and effectively supports the message or data it accompanies.

Communication Channel

The medium or method used to convey messages or information from one entity to another.

Firsthand Data

Information collected directly by the researcher or observer, without being mediated by other sources.

Economically

Pertains to the manner in which resources are used and managed in the production, distribution, and consumption of goods and services.