Accounting - The owner takes stock from the business for personal use.?


Question:
Is it written in the general journal?

Answer:
yes, if you're the owner that's acceptable - if you were an employee it would be called 'stock plan' - and when you take money from the business it's called a salary.
Yes
More Questions & Answers...
  • What is Better?
  • Has anyone ever used Sharebuilder to invest money or buy stocks?
  • Was audited for 04 taxes, found an honest mistake where my husband thought did not have to turn in some stock?
  • Signed a margin agreement with scottrrade and now my account is a margin account, does this change my stocks?
  • What is a smart way to save your money for retirement or even a rainy day?
  • Best Place to Buy Stocks (Sharebuilder)?
  • Has anyone taken Accounting II could you help me?
  • In yahoo tech finds only information about mobile but not tech of others like engineering, architech. AJIT?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic