The withdrawal of cash by the owner for personal use would include a:
A)debit to the owner's capital account.
B)credit to the owner's withdrawals account.
C)credit to the owner's capital account.
D)debit to the owner's withdrawals account.

Question

Quizplus · Accepted Answer

The withdrawal of cash by the owner for personal use is recorded as a debit to the owner's withdrawals account, reflecting a decrease in the business assets used for personal purposes.

The Withdrawal of Cash by the Owner for Personal Use