When an owner makes a withdrawal
A) it doesn't have to be cash it could be another asset.
B) the owner's drawings account will be increased with a credit.
C) the owner's capital account will be directly increased with a debit.
D) the owner's drawings account will be decreased with a debit.

Question

Quizplus · Accepted Answer

When an owner makes a withdrawal, it can indeed be in the form of assets other than cash, such as inventory or equipment. This reflects the removal of assets from the business for personal use.

When an Owner Makes a Withdrawal