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

Name: Owner's withdrawals: A)decrease assets. B)increase expenses. C)increase assets. D)decrease withdrawals.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Owner's withdrawals represent the amount of money that the owner takes out of the business for personal use. As a result, they decrease the amount of assets within the business because the owner is taking money out of the business.

Owner's Withdrawals