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Which of the following will cause owner's equity to increase?

1. Expenses

2. Owner Draws

3. Revenue

Accounting Financial Accounting Accounting and Finance
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Question added by Imdad Hussain Rajput , Assistant Sales Manager , Forego
Date Posted: 2015/08/04
Upvote (0) Views (21) Followers (7) Answers (7) Report Question
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Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The correct option is3) Revenue

Deleted user

3. Revenue

 

This is so because after deducting the various expenses the remaining amount being retained earnings are normally added to the stated capital in the statement of changes in equity which intend will increase the owner's equity.

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

Correct answer is:3- Revenue

Faez Alchalabi
by Faez Alchalabi , Technical Civil Consultant , Self employed

3.Revenue is the cause of the owner's equity increase

Mehboob Ali Laghari
by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union

Do agree with the answers .............Revenue

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is Revenue thank you

ASHRAF SHAWKAT
by ASHRAF SHAWKAT , Senior Auditor , Al-Roubish Accountants & Auditors

correct answer..................................................... (3)

 

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