menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 2: Analyzing and Recording Transactions
  5. Question
    The Owner's Withdrawal Account Normally Has a Credit Balance Since
Solved

The Owner's Withdrawal Account Normally Has a Credit Balance Since

Question 89

Question 89

True/False

The owner's withdrawal account normally has a credit balance since it is an equity account.

Correct Answer:

verifed

Verified

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

Related Questions

Q11: The journal is known as a book

Q84: Asset accounts normally have credit balances and

Q85: A liability created by the receipt of

Q86: IFRS do not require the use of

Q87: Source documents provide evidence of business transactions

Q88: A report that lists accounts and their

Q90: A $130 credit to Office Equipment was

Q91: A record in which the effects of

Q92: After preparing an (unadjusted) trial balance at

Q107: The debt ratio is calculated by dividing

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