Friday
August 28, 2015

Homework Help: accounting 205

Posted by bernagene on Sunday, July 8, 2012 at 5:14pm.

A proprietor makes a cash withdrawal from the proprietorship. How does this affect the accounting equation? (Points : 1)
This has no effect on assets, liabilities, or owner’s equity.
Assets decrease; owner’s equity decreases.
Assets increase; liabilities decrease.
Assets decrease; owner’s equity increases

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members