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Melissa Hernandez
on Nov 14, 2024

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Owner's equity is increased by

A) drawings.
B) revenues.
C) expenses.
D) liabilities.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim on the company's resources.

Revenues

The total income generated by a company from its business activities, typically from the sale of goods or services before any expenses are subtracted.

Expenses

Outflows of resources or incurrences of liabilities that a company undergoes as part of its operations to generate revenue.

  • Gain an understanding of the relationship between owner's equity and the factors of revenues, expenses, and withdrawals.
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Vaugnesha MooreNov 14, 2024
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