O.T.B. Students - Your entrepreneur reports are in! Tell me 2 interesting facts you learned about your business person.
Accounting Students - This week you saw how much an owners equity fluctuates on a day-to-day basis. What are some of the transactions that occur that cause this?
Some transactions that cause this are when we sell, when we pay bills and when the owner takes out money.
Reply
Ryan Paul Rohrich
9/28/2012 03:40:21 am
Some transactions that cause the owner's equity to fluctuate on a daily basis include when you are paying expenses, receiving cash from sales, accounts receivable, and accounts payable.
Reply
cristian prieto
10/1/2012 02:38:37 am
loans, cash income, expenses and umm accounting is awesome:D
Reply
Brianda Duarte
10/3/2012 11:41:21 am
Some accounts that affect the owners equity would be " expenses, investments, personal use checks, and sales.
Reply
Caesar Paramo
10/3/2012 11:42:42 am
There is a lot of accounts that affect the equity such as " expenses, withdraws, sales, investments, A.R. & A.P.
Reply
Your comment will be posted after it is approved.
Leave a Reply.
Share your thoughts!!
All comments will be approved before being posted!!