This is a general account problem . please find solution. The withdrawal of cash by the owner for personal use wouldinclude a:A. credit to the owner's capital accountB. credit to the owner's withdrawals accountC. debit to the cash accountD. debit to the owner's withdrawals account

When the owner takes cash out of the business for personal use, it's recorded as a debit to their…

Answered: The withdrawal of cash by the owner for…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section5.3: Dishonored Checks And Electronic Banking

Problem 2AYU

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The withdrawal of cash by the owner for personal use would include a: A. credit to the owner's capital account B. credit to the owner's withdrawals account C. debit to the cash account D. debit to the owner's withdrawals account