The Entry to Close the Withdrawals Account Is

question 168

Multiple Choice

The entry to close the Withdrawals account is

• A)debit owner's Capital and credit Withdrawals.
• B)debit Withdrawals and credit owner's Capital.
• C)debit Income Summary and credit Withdrawals.
• D)debit Withdrawals and credit Income Summary.

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Definitions:

Professional Tone

A manner of communication that is formal, respectful, and suited for business or workplace environments.

Routine, Positive Messages

Messages that are regularly communicated and convey affirmative or positive information.

Letters of Recommendation

Written endorsements that articulate an individual's qualifications, character, and abilities, typically for academic or job purposes.

Simple Requests

Basic petitions or appeals made with the expectation of an uncomplicated response or action.