Indicate whether each of the following types of transactions will either (a) increase owner’s equity or (b) decrease owner’s equity:1. expenses2. owner’s investments3. owner’s withdrawals4. revenues
Indicate whether each of the following types of transactions will either (a) increase owner’s equity or (b) decrease owner’s equity:1. expenses2. owner’s investments3. owner’s withdrawals4. revenues
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 4DQ: Describe two ways to increase owners equity and two ways to decrease owners equity
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Indicate whether each of the following types of transactions will either (a) increase owner’s equity or (b) decrease owner’s equity:
1. expenses
2. owner’s investments
3. owner’s withdrawals
4. revenues
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