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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 63
Effect of transactions on owner's equity
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
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
Explanation
Verified
Verified
1. Expenses -: Expenses are the assets u...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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