menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 8
  4. Exam
    Exam 3: The Recording Process: Debits and Credits
  5. Question
    The Drawing Account Is Part of Owner's Capital and Appears
Solved

The Drawing Account Is Part of Owner's Capital and Appears

Question 76

Question 76

True/False

The drawing account is part of owner's capital and appears as an expense on the income statement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: _ _ and _ have debit normal

Q72: An account is a part of the

Q73: Duo Ride Share received a bill, which

Q74: A payment on account requires a credit

Q77: Debit always means<br>A) increase.<br>B) decrease.<br>C) left side<br>D)

Q77: A chart of accounts usually starts with<br>A)

Q79: The right side of an account is<br>A)

Q80: The normal balances of accounts are:

Q116: An account is an important accounting record

Q127: The process of entering an amount on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines