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Akiiaa Sarai
on Nov 14, 2024

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Owner's equity is decreased by all of the following except

A) owner's investments.
B) owner's withdrawals.
C) expenses.
D) owner's drawings.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' share of the company’s assets.

Owner's Investments

Funds or assets contributed by the owner(s) to the business to increase its capital.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utility bills.

  • Become familiar with the way revenues, expenses, and withdrawals influence the equity of the owner.
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natalie roqueNov 19, 2024
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