Which of the following accounts is not included in the calculation of a company's ending owner's equity?
A)Revenues.
B)Expenses.
C)Withdrawals.
D)Owner investments.
E)Cash.

Question

Quizplus · Accepted Answer

Cash is not included in the calculation of ending owner's equity. Owner's equity includes investments made by the owner, revenues earned, expenses incurred, and withdrawals made by the owner during the accounting period, but cash is simply an asset that the company may hold.

Which of the Following Accounts Is Not Included in the Calculation