Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Personal Finance
Withdrawals
What does it call when owner withdraws money for personal use
1 answer
When an owner withdraws money from a business for personal use, it is commonly referred to as an owner's draw. This withdrawal of funds is typically made for the owner's personal expenses and is not considered a business expense.
You can
ask a new question
or
answer this question
.
Related Questions
Which of the following would most likely be in support of the NAFTA Agreement?
A. a small, one-store business owner in Mexico B.
A shop owner bought 260 handbags at 5 for $25 she then sold all of them at 2 for $18 how much money did she make
Which of the following would most likely be in support of the NAFTA Agreement? (1 point) Responses a small, one-store business
A telltale sign that a company is a sole proprietorship is if it has the same name as:
(1 point) Responses the city it was
Which of the following would most likely be in support of the NAFTA Agreement?
(1 point) Responses a small, one-store business
Jean deposits $730 in an account that pays 2.8% simple interest. He neither adds more money nor withdraws any money from his
why can the owner of a business withdraw assets from that business for personal use?
b. why would the owner withdraw assets other
two friends find a wallet with a large amount of money. one wants to keep the money and not return the wallet to the owner, but
Ken has $950 in a savings account at the beginning of the summer. He wants to have at least $600 in the account at the end of
Amy has $1,000 in a savings account at the beginning of the fall. She wants to have at least $500 in the account by the end of