Which of the Following Entries Records the Withdrawal of Cash

question 96

Multiple Choice

Which of the following entries records the withdrawal of cash for personal use by Ty Knott, the owner of a business?

• A)debit Cash and credit Salary Expense
• B)debit Salary Expense and credit Cash
• C)debit Ty Knott, Drawing, and credit Cash.
• D)debit Cash and credit Ty Knott, Capital

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Definitions:

Organizational Resistance

Refers to the pushback or opposition from employees or members of an organization against changes, policies, or strategies proposed by management.

Change Strategies

Approaches and methods used by organizations to implement changes in order to improve processes, culture, or performance.

NLRA

The National Labor Relations Act, an essential law in the realm of US labor, ensures that employees have the right to organize themselves and to conduct collective negotiations with their employers.

Nonunion Employee Committee

A group formed within a workplace to discuss and address issues of interest to employees, independent of union representation.