Which of the following transactions has no effect on owner's equity?
A) Paying salaries expense
B) Equipment purchase
C) Billing for services rendered
D) A withdrawal

Question

Quizplus · Accepted Answer

Equipment purchase affects the assets and liabilities (if purchased on credit) but does not directly affect the owner's equity, unlike the other options which directly impact owner's equity through expenses, revenues, or withdrawals.

Which of the Following Transactions Has No Effect on Owner's