When an owner makes a withdrawal
A) it doesn't have to be cash, it could be another asset.
B) the drawings account will be increased with a credit.
C) the capital account will be directly increased with a debit.
D) the drawings account will be decreased with a debit.

Question

Quizplus · Accepted Answer

When an owner makes a withdrawal, it doesn't necessarily have to be in the form of cash; it can also be in the form of other assets. This reflects the reduction of the owner's equity in the business but does not specify the form of withdrawal.

When an Owner Makes a Withdrawal