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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 1: Accounting Concepts and Procedures: an Introduction
  5. Question
    Which Accounts Are Affected When the Owner Withdraws Cash from the Business
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Which Accounts Are Affected When the Owner Withdraws Cash from the Business

Question 153

Question 153

Multiple Choice

Which accounts are affected when the owner withdraws cash from the business?


A) Assets decrease and Withdrawals increase.
B) Liabilities and Capital increase.
C) Assets and Liabilities increase.
D) None of the above are correct.

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