Withdrawals carries a debit balance and must be closed with the opposite entry. Another Question Go to Table of Contents 9a. Another Question Go to Table of Contents 9b. Withdrawals keeps track of the owner taking assets out of the business and eventually decreases Capital. Another Question Go to Table of Contents 9c.
Withdrawals has nothing to do with revenue.
Nothing closes into Cash. Another Question Go to Table of Contents 10a. Nothing closes into Cash. Another Question Go to Table of Contents 10b. Profit will increase Capital and Loss will decrease Capital.