This is because money coming into and going out of the business affects Owner's Equity.
Based on the debit and credit entries you have observed in this lesson, which of the following is true?
Expenses and Sales increase Owner's Equity
Expenses increase and Sales decrease Owner's Equity
Expenses decrease and Sales increase Owner's Equity
Expenses and Sales decrease Owner's Equity
Answers: 2
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This is because money coming into and going out of the business affects Owner's Equity.
Based on t...
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