What Would Be the Effect on Accounts If the Owner

question 157

Multiple Choice

What would be the effect on accounts if the owner withdrew cash?

• A) An asset would be debited and an expense credited.
• B) Withdrawals would be debited and an asset credited.
• C) An asset would be debited and a revenue credited.
• D) An asset would be debited and Capital credited.

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Definitions:

Protective Value

The degree to which something is capable of safeguarding from harm or adverse conditions.

Transmission

The act or process of transferring data or power from one point to another.

Paraphilia

Paraphilia involves sexual interests, fantasies, urges, or behaviors that are intense and focused on atypical and extreme subjects.

Sexually Arousing

Refers to something stimulating or exciting sexual desire or interest.