Withdrawals by the owner are reported on the income statement.?

A trial balance checks the equality of debits and credits. true are false.
A withdrawal of funds by the owner for personal use is considered a business expense. true are false.

Withdrawals by the owner are reported on the income statement.

true are false

withdrawls of funds by the owner for personal use are not considered business expenses. The owner should have an account listed as drawings ( all personal withdrawls are posted here) so it is false Yes a trial balance does check equality. true.
and withdrawls by the owner are not listed under the income statement, only things related to sales are listed there. and carried forward to the financial statement. so false.

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