Business

Accounting

Which of the following account is affected from the drawings of cash in sole- * ?proprietorship business Shareholder account Capital account Liability account Expense account O

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 3MC: Revenues and expenses must be recorded in the accounting period in which they were earned or...

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Question

Financial Accounting ‏

Which of the following account is affected from the drawings of cash in sole-
* ?proprietorship business
Shareholder account
Capital account
Liability account
Expense account

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