Which type of account is Owner's Capital?
A)equity
B)asset
C)liability
D)revenue

Name: Which type of account is Owner's Capital? A)equity B)asset C)liability D)revenue
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Owner's Capital is a type of equity account which represents the owner's investment in the business. It represents the residual claim of the owner's assets after all liabilities have been settled. Therefore, it is not an asset or liability, nor is it a revenue account.

Which Type of Account Is Owner's Capital