Yes owner withdraws in form of cash or assets so ultimately it reduces the assets of business as well.
assets decrease; liabilities decrease
debit drawingscredit cashDebit - Accounts Receivable - Owner Credit - Cash
INCREASE
It depends on the current asset, so the change of current asset might be increase or decrease cash flows.
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
Drawings.
decreased by a debit
assets decrease; liabilities decrease
debit drawingscredit cashDebit - Accounts Receivable - Owner Credit - Cash
stock dividends what impact on total assets
INCREASE
An increase in Land and a decrease in cash, total effect is zero.
net assets decrease and profit decreases
It depends on the current asset, so the change of current asset might be increase or decrease cash flows.
A sales refund will reduce income (debit to Sales Returns) and assets (credit to cash). A debit to Depreciation Expense and a credit to Accumulated Depreciation will reduce assets and net income.
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
A purchase of an asset for cash will increase total assets(casH) and increase total owner's equity (capital).