What affect do withdrawals have on the basic account equation? a. Increase the owners equity in the
Question:
What affect do withdrawals have on the basic account equation?
a. Increase the owner’s equity in the business
b. Decrease the owner’s equity in the business
c. Increase the liabilities of the business
d. Have no effect on the basic accounting equation
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Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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