Which of the following is considered a decrease to owner's equity?
A) sales revenues
B) investments by owner
C) drawings by owner
D) service revenue

Question

Quizplus · Accepted Answer

Drawings by owner are considered a decrease to owner's equity, as it represents the owner taking money out of the business for personal use. The other choices, sales revenues, investments by owner, and service revenue, all increase owner's equity.

Which of the Following Is Considered a Decrease to Owner's