The Drawing Account Should Be Used to Show

question 29

Multiple Choice

The drawing account should be used to show

• A) the amount the owner has invested in the business.
• B) the amount the owner has taken out of the business.
• C) the amount the business has earned.
• D) the amount the business has spent.

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Definitions:

Manufacturing Company

A business entity focused on the production of goods using raw materials and machinery, often involving significant human labor and possibly automation.

Distance

The measurement of space between two points or the extent to which individuals are emotionally or culturally apart.

Authority's Social Power

The influence and control exerted by an individual or group in a position of authority, affecting the behavior or opinions of others within a social structure.

Online Groups

Communities or collectives that interact, share information, and pursue common interests or objectives via internet-based platforms.