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> Revenues, withdrawals, expenses, and capital affect the owners equity
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Revenues, withdrawals, expenses, and capital affect the owners equity
tinkerstar12
Dec 9, 2010, 08:46 AM
Revenues, withdrawals, expenses, and capital affect the owner’s equity
pready
Dec 10, 2010, 03:24 PM
Revenues minus expenses equals net income which flows through to owners' equity.
A withdrawal has the same affect has a dividend, which will decrease owners' equity.