Questions LLC
Login
or
Sign Up
Ask a New Question
Personal Finance
Investment
Income
Rent income falls under owner’s equity, assets or liability? Give one word only
1 answer
Assets.
You can
ask a new question
or
answer this question
.
Related Questions
Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets=Liabilities +Owner's
Which of the following are benefits enjoyed by sole proprietorships? Select the two correct answers.
A. unlimited liability B.
Fuel falls under owner’s equity, assets or liability? Give one word only
Bank falls under owner’s equity, assets or liability? Give one word only
Land and buildings falls under owner’s equity, assets or liability? Give one word only
Trading stock falls under owner’s equity, assets or liability? Give one word only
Please check my answers.
Identify each of the following as either assets, liabilities, or owner's equity. 1. Petty cash- Owner's
Which of the following is the common balance sheet layout?
A. assets = liability + owner’s equity B. profit = revenue – total
A credit to a liability account was posted to an owner's equity account. This would cause __________.
A. assets to be overstated
A proprietor makes a cash withdrawal from the proprietorship. How does this affect the accounting equation? (Points : 1)
This has