Which of the following would NOT affect owner's equity?
A) a cash receipt from a customer in payment of account
B) payment of an expense
C) services provided for cash
D) withdrawal of funds for personal use
Correct Answer:
Verified
Q78: Mel Green is the proprietor (owner) of
Q79: The International Accounting Standards Board
A) works to
Q80: Which of the following principles or assumptions
Q81: An Income Statement
A) summarizes the changes in
Q82: Profit results when
A) Assets > Liabilities.
B) Revenues
Q84: The cost principle requires that when assets
Q85: The basic accounting equation, in a proprietorship,
Q86: In a proprietorship, owner's equity is affected
Q87: Owner's equity is often referred to as
A)
Q88: Which of the following accounts would NOT
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