Register
What are withdrawals and how do they affect the basic accounting equation?
135k views
3 votes
What are withdrawals and how do they affect the basic accounting equation?

User Piotr Berebecki
by
8.4k points

1 Answer

4 votes

Funds that are taken from the business to pay for personal expenses. They decrease the owner's equity in the business.

User Tomzie
by
8.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!