Owner's withdrawals are the expenses of a business.

Name: Owner's withdrawals are the expenses of a business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Owner's withdrawals are not expenses of a business. They represent the money taken out of a business by the owner for personal use or other non-business purposes. Expenses, on the other hand, are the costs incurred in running a business, such as salaries, rent, utilities, and supplies.

Owner's Withdrawals Are the Expenses of a Business