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    tinkerstar12's Avatar
    tinkerstar12 Posts: 1, Reputation: 1
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    #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
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    #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.
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