An account used to record the owner's investments in the business plus any more or less permanent changes in the equity is called a(n)
A) withdrawals account
B) capital account
C) asset account
D) expense account
E) revenue account

Question

Quizplus · Accepted Answer

A capital account is used to record the owner's investments in the business and any permanent changes in equity.

An Account Used to Record the Owner's Investments in the Business