Which of the Following Transactions Increase Owner's Equity

question 69

Multiple Choice

Which of the following transactions increase owner's equity?

• A)owner withdrawals for personal use
• B)receiving cash from customers on account
• C)earning revenue
• D)paying expenses

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Definitions:

Relevant Skills

Abilities and knowledge that are directly applicable and beneficial to a particular job or task.

Professional Liability

Legal responsibility arising from errors, negligence, or omissions during professional services.

Duty of Care

A legal obligation to avoid causing harm or injury to others that could be reasonably foreseen.

Special Knowledge

Specific expertise or understanding that is not commonly known, often relevant in legal, technical, or professional contexts.