If an owner makes a withdrawal of cash from a proprietorship then

A) there has been a violation of accounting principles.
B) owner's equity will increase.
C) owner's equity will decrease.
D) there will be a new liability showing the owner owes money to the business.

Withdrawal Of Cash

The act of taking out cash from a business by the owners for personal use.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing what the owner has invested or kept in the business.

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same entity.