Which of the Following Would NOT Affect Owner's Equity

question 61

Multiple Choice

Which of the following would NOT affect owner's equity?

• A) a cash receipt from a customer in payment of account
• B) payment of an expense
• C) services provided for cash
• D) withdrawal of funds for personal use

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Definitions:

Competitor

An individual or company that competes against others for the same market share or audience in an industry.

Quick Sale

A quick sale refers to the rapid sale of assets, typically real estate, often at a lower price to ensure a fast transaction.

Sale Price

The final price at which an item is sold after any discounts or deductions have been applied.

Invoice

A document issued by a seller to a buyer that lists products or services provided along with the total amount due for payment.