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

Question

Quizplus · Accepted Answer

Cash is a balance sheet account and does not affect owner's equity directly. Owner's equity is calculated using the formula: Owner's Equity = Beginning Owner's Equity + Owner Investments + Revenues - Expenses - Withdrawals. The other accounts listed (Revenues, Expenses, Owner Investments, and Withdrawals) are all components of this calculation.

Which of the Following Accounts Is Not Included in the Calculation