Multiple Choice
Accounts that affect owner's equity are
A) assets,capital,and revenue.
B) capital,liabilities,and expenses.
C) expenses,capital,and revenue.
D) drawing,assets,and liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q77: The balance of a T account is
Q78: A list of all accounts showing the
Q79: A debit represents an increase in<br>A) an
Q80: Match the terms with the definitions.<br>
Q81: A debit<br>A) is on the left side.<br>B)
Q83: A purchase of an asset on account<br>A)
Q84: Match the terms with the definitions.<br>
Q85: Revenues decrease owner's equity.
Q86: A credit<br>A) increases assets.<br>B) is on the
Q87: Prepaid Insurance is an asset account.