When an owner withdraws cash or goods from the business, why is this considered an increase to

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When an owner withdraws cash or goods from the business, why is this considered an increase to the Drawing account and not an increase to the Wages Expense account?

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:12 AM

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When an owner withdraws cash or goods from the business, why is this considered an increase to

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In a withdrawal the owner is reducing his or her ...View the full answer

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