The Owner of a Business Withdrew Cash for Personal Use

question 50

Multiple Choice

The owner of a business withdrew cash for personal use. Which of the following accounts will be credited?

• A)Smith, Capital
• B)Smith, Withdrawals
• C)Cash
• D)Accounts Payable

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Definitions:

Racial

Relating to the categorization of people based on physical and genetic characteristics such as skin color and facial features.

Ethnic Groups

Categories of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Transferred

Moved from one place, person, or thing to another.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS if not treated.