Answered

What would be the effect on accounts if the owner withdrew cash?

AAn asset would be debited, and an expense would be credited.
BWithdrawals would be debited, and an asset would be credited.
CAn asset would be debited, and a revenue would be credited.
DAn asset would be debited, and Capital would be credited.

Verified Answer :

Meochi

The correct answer to the question is letter B. Withdrawals would be debited, and asset would be credited.

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