Revenue, Expenses, and withdrawals are subdivisions of:
A) Assets.
B) Liabilities.
C) Owner's Equity.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

Revenue, Expenses, and Withdrawals are directly related to Owner's Equity. Revenue increases owner's equity, expenses decrease it, and withdrawals represent the owner taking out cash or other assets, which also decreases owner's equity.

Revenue, Expenses, and Withdrawals Are Subdivisions Of