Multiple Choice
Cash is used to pay for a car for personal use by the owner.The transaction includes
A) debiting Cash and crediting Drawing.
B) debiting Drawing and crediting Cash.
C) debiting Capital and crediting Cash.
D) debiting Car Expense and crediting Cash.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: Organize a chart of accounts,using correct headings
Q68: To find an error,you should do all
Q69: Almost any document that provides information about
Q70: The transaction to record payment for delivery
Q71: It is permissible to enter information about
Q73: The process of copying the debits and
Q74: Because the first formal accounting record of
Q75: Prepare a corrected trial balance by
Q76: Transactions and journal entries are shown
Q77: Prepare general journal entries to record