Which of the following will increase owner's equity?
A) expenses revenues
B) the owner draws money for personal use
C) revenues expenses
D) cash is received from customers on account

Name: Which of the following will increase owner's equity? A) expenses > revenues B) the owner draws money for personal use C) revenues > expenses D) cash is received from customers on account
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Question

Which of the following will increase owner's equity?
A) expenses > revenues
B) the owner draws money for personal use
C) revenues > expenses
D) cash is received from customers on account

Quizplus · Accepted Answer

Revenues > expenses indicates that the business is earning more than it is spending, which increases the owner's equity.

Which of the Following Will Increase Owner's Equity