Ask Experts Questions for FREE Help !
Ask
    tinkerstar12's Avatar
    tinkerstar12 Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 9, 2010, 08:46 AM
    Revenues, withdrawals, expenses, and capital affect the owner’s equity
    Revenues, withdrawals, expenses, and capital affect the owner’s equity
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    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.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Matching revenues and expenses [ 4 Answers ]

The concept of matching revenues and expenses refers to what?

Withdrawals are expenses [ 1 Answers ]

Expenses or revenues [ 1 Answers ]

Hello, I am trying to calculate the net income of a company from information that is available from its recent fiscal year. I know how to calculate net income, but I am asking if the following are expenses or revenues. - cash sales - sales on account - interest earned on investment (I think...

Methods used to record revenues and expenses [ 1 Answers ]

What questions should you ask about the methods used to record revenues and expenses?


View more questions Search