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Accounting
oneala
Jan 31, 2006, 12:54 PM
If my assests increase by $15,000 and my libilities $6,000 during a period,will my owers equity increase or decrease by 9000?
CaptainForest
Jan 31, 2006, 04:06 PM
Assuming you meant Liabilities increase by $6,000.
Then your owner's equity will increase by $9,000
Assets = Liab + OE
+15 = +6 + ? Therefore, OE is a plus 9