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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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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