Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 19 - No. 19)
What is the impact of the business owner's equity being invested in the business?
Increases assets and decreases owner's equity.
Increases liabilities and increases owner's equity.
Increases assets and increases owner's equity.
Decreases assets and decreases owner's equity.
Explanation
When the owner invests, the business receives an asset (cash) and the owner's equity increases.
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