menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 9
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    The Payment of the Owner's Personal Expenses from the Business's
Solved

The Payment of the Owner's Personal Expenses from the Business's

Question 89

Question 89

Multiple Choice

The payment of the owner's personal expenses from the business's chequebook should be recorded with a debit to:


A) Cash
B) Dividends
C) Common shares
D) Accounts Receivable

Correct Answer:

verifed

Verified

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

Related Questions

Q2: Which of the following accounts normally has

Q72: Every accounting transaction involves an increase in

Q85: For each of the following independent scenarios,

Q88: Given the following transactions for Clip Corporation,

Q108: The collection of cash from a customer

Q129: The purchase of a building with a

Q136: The costs of operating a business are

Q149: When the owner of a business invests

Q159: A credit increases the balance of which

Q168: The accounting transaction to record payment of

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