Owner,Withdrawals is a(n)________ account that has a normal ________ balance.
A) liability; credit
B) equity; debit
C) liability; debit
D) equity; credit

Name: Owner,Withdrawals is a(n)________ account that has a normal ________ balance. A) liability; credit B) equity; debit C) liability; debit D) equity; credit
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Question

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Owner, Withdrawals is an equity account that has a normal debit balance. Withdrawals reduce the owner's equity in a business, hence they are recorded as debits.

Owner,Withdrawals Is A(n)________ Account That Has a Normal ________ Balance

Owner,Withdrawals Is A(n) Account That Has a Normal Balance