When an owner makes a withdrawal, Accounting Basics

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When an owner makes a withdrawal

When an owner makes a withdrawal? the capital account will be directly increased with a debit. the drawing account will be decreased with a debit. the drawing account will be increased with a credit. it doesn't have to be cash, it could be another asset.

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Accounting Basics: When an owner makes a withdrawal

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Recent Questions Asked Accounting Basics

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Q : When an owner makes a withdrawal

When an owner makes a withdrawal? the capital account will be directly increased with a debit. the drawing account will be decreased with a debit. it doesn't have to be cash, it could be another asset.

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Accounting Basics: When an owner makes a withdrawal

Reference No:- TGS0555121

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Describe the balance of an account

Q : Record the transfer of costs

Q : Determine the predetermined overhead rate

Q : What is the effect of the sale

Q : When an owner makes a withdrawal

Q : Cash investments made by stockholders

Q : Method of preparing the operations sections

Q : How much overhead was applied during the year

Q : What is a better distribution location

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: When an owner makes a withdrawal

Reference No:- TGS0555121

Recent Questions Asked Accounting Basics

Q : Describe the balance of an account

Q : Record the transfer of costs

Q : Determine the predetermined overhead rate

Q : What is the effect of the sale

Q : When an owner makes a withdrawal

Q : Cash investments made by stockholders

Q : Method of preparing the operations sections

Q : How much overhead was applied during the year

Q : What is a better distribution location

Asked Questions