Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

After closing the revenue, expense and withdrawal accounts. The captial increased by $2,000.  Which of the following situations could have occured.

a. company had a net income

b. owner invested an additional amount.

c. owner made a withdrawal

d. all 

Mar 1st, 2015

53) After closing the revenue, expense, and withdrawal accounts, the capital
increased by $2,000. Which of the following situations could have occured?
D) All of these answers are correct.

Mar 1st, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Mar 1st, 2015
...
Mar 1st, 2015
Mar 29th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer