Question: owner, withdrawals is a ( n ) _ _ _ _ _ _ _ _ account that has a normal _ _ _ _ _

owner, withdrawals is a(n)________ account that has a normal ______ balance.
a. equity; credit
b. liability; credit
c. liability; debit
d. equity; debit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!