Owner equity accounts include:
A)assets, liabilities and capital.
B)assets, revenues and expenses.
C)only the capital and withdrawal accounts.
D)the revenue, expense, capital and withdrawal accounts.

Question

Quizplus · Accepted Answer

Owner equity accounts include the capital account, which represents the owner's investment, and the withdrawal account, which tracks the owner's withdrawals. Additionally, revenue and expense accounts affect owner's equity by increasing or decreasing it through net income or loss.

Owner Equity Accounts Include