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

44 tens is the same as?
The ratio of the number of left-handed batters to the number of right handed batters is 5:8. There are 45 left-handed batters. find the ratio of the number of l
A right rectangular prism has base dimensions of 3 inches by 12 inches and a height of 5 inches. An oblique rectangular prism has base dimensions of 4 inches by
The main reason why Puritans settled in North America was to
Five letter word for opposing sides in an eternal war
In the book To Kill a Mockingbird, According to Atticus, why don't blacks get a fair deal in court? Why are jurors always from the countryside and not the town?
Factor the expression using GCF 20p-60=___
If 200.0 g of copper(II) sulfate react with an excess of zinc metal, what is the theoretical yield of copper?
a rectangle has length 3 1/4 feet and width 1 1/3 feet
How did Kepler's findings support the heliocentric theory?