Drawing is an example of: 1

Accounting Dec 16, 2020

Drawing is an example of:

1. revenue.

2. expense.

3. other changes to owners' equity.

4. None of the above

Expert Solution

Drawing is an example of 3. other changes to owners' equity.

Because a drawing occurs when an owner removes money from the company for his or her personal use, the owner's equity in the business will decrease as a result.

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