Decreases the equity account because the business withdrew cash. (Clue: 11-letter word) *
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Explanation:
When a business owner withdraws cash from his business, the portion of the company's assets made up of cash on hand decreases. This withdrawal adds an extra step to the accounting equation, which involves subtracting the amount of the owner's draw from the accumulated assets to calculate an adjusted amount
Answer:
Accumulated decreases the equity account because the business withdrew cash.
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