Which Account Below Is Not a Subdivision of Owner's Equity

question 48

Multiple Choice

Which account below is not a subdivision of owner's equity?

• A) Owner's Drawings
• B) Revenues
• C) Expenses
• D) Liabilities

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Definitions:

Raw Materials

The initial inputs in production, including basic substances used to manufacture goods.

Direct Labor

The cost of wages for the employees who are directly involved in producing a product or delivering a service.

Hourly Worker

An employee whose pay is based on the number of hours worked rather than receiving a fixed salary.

Shop Foreman

A supervisory role within a manufacturing or industrial site, overseeing the work of employees and ensuring the efficiency and quality of production.