Multiple Choice
Which of the following would NOT affect owner's equity?
A) a cash receipt from a customer in payment of account
B) payment of an expense
C) services provided for cash
D) withdrawal of funds for personal use
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: Owner's equity, in a proprietorship, is increased
Q57: ASPE requires less information on the financial
Q58: An income statement will give the answer
Q59: Carrie's Carpet Cleaning has the following balance
Q60: A partnership must have at least 2
Q62: Shareholders' equity, in a corporation, at the
Q63: Analyze the transactions described below and indicate
Q64: Accounting is the information system that identifies,
Q65: William Calvin owns and operates Sales Consulting,
Q66: Which of the following principles or assumptions