Question

The withdrawal of cash by the owner for personal use would include a

Answer 1

Answer;

A Debit to the owners withdrawals account

Explanation;

• When an owner of a business wants to withdraw cash for private use, it is called drawings and are recorded on the drawings account.
• The withdrawal of cash by the owner for personal use is placed on a temporary drawings account and reduces the owners equity.

Answer 2

A debit to the owners withdrawals