________ are the owner's contributions of cash or other assets.

Question

Quizplus · Accepted Answer

Owner's Capital refers to the owner's investments or contributions of cash, equipment or other assets to the business. This represents the equity of the owner in the business and is shown on the balance sheet as a liability. Assets refer to items that the business owns, liabilities refer to debts and obligations, and Owner's Withdrawals refer to payments made by the owner for personal use or other purposes.

________ Are the Owner's Contributions of Cash or Other Assets