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
Answer:
1. (b) decrease
2. (a) increase
3. (b) decrease
4. (a) increase
Showing posts with label expenses. Show all posts
Showing posts with label expenses. Show all posts
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