Question:

Pls. Help me in Accounting-Effect of transactions on owner's equity?

by  |  earlier

0 LIKES UnLike

Indicate whether each of the following types of transactions will increase owner's equity or decrease owner's equity:

1. owner's investments

2. revenues

3. expenses

4. owner's withdrawals

 Tags:

   Report

2 ANSWERS


  1. well, if you mean to say owner's additional investments, it would increase owner's equity. otherwise, refer to the previous' answer. ;)


  2. 1. investments  = no change if include financing of, otherwise increase.

    2. revenues = increase.

    3. expenses = decrease.

    4. withdrawals = decrease.

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.