Owner's withdrawals
A) decrease assets.
B) increase expenses.
C) increase liabilities.
D) decrease withdrawals.

Question

Quizplus · Accepted Answer

Owner's withdrawals represent a reduction of assets, as the owner is taking out money or other assets from the business for personal use. This reduces the amount of resources available for the business to operate or invest in. The other options don't apply, as owner's withdrawals don't affect expenses or liabilities, and they actually represent a decrease in withdrawals, not an increase.

Owner's Withdrawals