menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 1: Accounting in Action
  5. Question
    When an Owner Withdraws Cash or Other Assets from a Business
Solved

When an Owner Withdraws Cash or Other Assets from a Business

Question 170

Question 170

Multiple Choice

When an owner withdraws cash or other assets from a business for personal use these withdrawals are termed


A) depletions.
B) consumptions.
C) drawings.
D) a credit line.

Correct Answer:

verifed

Verified

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

Related Questions

Q165: The purchase of store equipment for cash

Q166: The three major services rendered by a

Q167: The monetary unit assumption requires that all

Q168: As of June 30 2016 Little Giantz

Q169: Luis Consulting started the year with total

Q171: Which of the following would <b>not</b> be

Q172: Selected transactions for Mountain Goats Tree Service

Q173: The _ reports the assets liabilities and

Q174: If expenses are paid in cash then<br>A)

Q175: Which of the following is <b>not</b> an

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