An owner's capital balance changes with an owner's withdrawals,revenues,and expenses.

Name: An owner's capital balance changes with an owner's withdrawals,revenues,and expenses.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

An owner's capital balance represents the owner's investment in the business and increases with additional contributions and profits. It decreases with owner withdrawals and losses. Revenues and expenses affect the profitability of the business and ultimately the owner's capital balance.

An Owner's Capital Balance Changes with an Owner's Withdrawals,revenues,and Expenses