LightBringer1737 LightBringer1737
  • 04-07-2017
  • Business
contestada

What is the result if the amount of net income for the year is less than the amount of the owner's withdrawals?

Respuesta :

meerkat18
meerkat18 meerkat18
  • 14-07-2017

The answer is the capital account decreases. If the net income of the year is greater it means that there is revenue which will make the capital account increase but in this case if the withdrawals are higher it means that the money decreases since it is an outflow for the part of the owner.

 

Answer Link

Otras preguntas

Given: a and b are first-quadrant angles, sin a = 5/13 , and cos b = 3/5 , evaluate cos(a + b). 16/65 33/65 56/65
two uses of redox reaction in medical field​
What is the value of y? A. 16 B. 48 C. 64 D. 13
R=6 Find The Area Of A Circle
Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE? 1. A Late Payment fee will not be charged to his account
Help me, the question is in the picture Thank you :)
The diameter of a circle is 22 millimeters. What is the circle's area? Use 3.14 for PI please answer i will give brainliest
Area of rectangle L …………………..
Write four to five sentences in English explaining how the U.S. has influenced fashion in France.
Evaluate y = 3x, when x = -4. A y = -12 y = 1/81 y = -81