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  3. Study Set
    Principles of Accounting Study Set 1
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    Exam 2: Analyzing and Recording Business Transactions
  5. Question
    Why Is the Owner's Withdrawals Account Increased by a Debit
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Why Is the Owner's Withdrawals Account Increased by a Debit

Question 89

Question 89

Essay

Why is the Owner's Withdrawals account increased by a debit? Explain in terms of its relationship to owner's equity.

Correct Answer:

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Owner's withdrawals represent ...

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