0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When the owner invests cash in a business?
When the owner withdrawals cash for personal use,
Can you draw trademarked character for personal use?
You almost can never trademark something if you are just using it for personal use.
Paid cash to owner for personal use is this an expense?
no its drawings
Which entry in the records documents the owner's taking cash for personal use?
The entry in the records that documents the owner taking cash for personal use is typically recorded as a withdrawal or a cash disbursement.
What is journal entry when owner draw cash for business use?
Debit business expensesCredit cash
What concept is that owner take inventory for personal use?
That's known as drawings.
Does a withdrawal decreases owners equity?
Yes, withdrawal is the contra entry of capital account which owner use to draw money from business and hence it reduces the owner capital from business.
What is the journal entry when the owner withdraw equipment for personal use?
debit drawingscredit office equipment
What is journal entry using personal car in business use?
debit carcredit owner's capital
When an owner withdraws cash or other assets from a business for personal use these withdrawals are termed?
Drawings.
What Refers to the steps a computer owner takes to prevent unauthorized use of or damage to the computer?
Security
When is it allowable to use your company computer for a personal business?
When you are an owner of the business and/or your company policy does not prohibit personal use of a computer, and the personal use of the computer is not at the expense of company work, and your use of the computer does not violate any laws or regulations that may put the company at risk legally.
