Owner,Capital is a separate account in the ________ category of the accounting equation.
A) equity
B) asset
C) liability
D) revenue

Question

Quizplus · Accepted Answer

Owner's capital represents the total amount of money invested by the owner in the business. It is a part of the equity category of the accounting equation, which also includes retained earnings and any other equity accounts. Assets, liabilities, and revenues are not relevant categories for Owner's capital.

Owner,Capital Is a Separate Account in the ________ Category of the Accounting