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 exceeding expenses will increase owner's equity as it results in a net income, which is added to the owner's equity.

Which of the Following Will Increase Owner's Equity