Cash that a sole proprietor takes out of the business for his/her personal use is called:

Question

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Drawings are the cash or assets that a sole proprietor withdraws from their business for personal use, which are not considered as a business expense or salary. Dividends are usually distributed to shareholders of corporations, not sole proprietors. Benefits and personal incentives are not accurate terms for describing withdrawal of cash by a sole proprietor.

Cash That a Sole Proprietor Takes Out of the Business