T Identify the wrong statement from the following. a. Revenues decreases the owners' equity O...

50.1K

Verified Solution

Question

Accounting

image

T Identify the wrong statement from the following. a. Revenues decreases the owners' equity O b. Expenses decreases the owners' equity O c. Additional capital increases the owners' equity O d. Drawings decreases the owners' equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students