nv021522 nv021522
  • 19-03-2019
  • Business
contestada

The withdrawal of cash by the owner for personal use would include a

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jamuuj jamuuj
  • 19-03-2019

Answer;

A Debit to the owners withdrawals account

Explanation;

  • When an owner of a business wants to withdraw cash for private use, it is called drawings and are recorded on the drawings account.
  • The withdrawal of cash by the owner for personal use is placed on a temporary drawings account and reduces the owners equity.
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jbeezy31
jbeezy31 jbeezy31
  • 19-03-2019
A debit to the owners withdrawals
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