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

what did Benjamin franklin feel strong about
Show that n^2-1 is divisible by 8,if 'n' is an odd positive integer.
Acme Inc. spent $870 less on postage than on supplies. The ratio of postage costs to supply costs was 2 to 5. How much did Acme spend on postage? Solve this pro
What are the essential 4 parts for a civilization to develop? Explain how rivers were the source of civilization?
90 < x < 180 is my range and my answer is 0.6 for it to be correct is it positive or negative?
what are ten american triebs
if a sample of magnesium has a mass of 60 g, how many moles of magnesium does the sample contain
Does a scalene always have to have unequal sides?
what is a prefix for dote?
what is the fraction ten twelfths in it's simplest form ?