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Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While,
Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity? O a. Retained earnings, dividend, drawings O b. Cash, Accounts payable, supplies O c. c. Accounts payable, Accounts receivable, supplies O d. Accounts payable, bank overdraft, outstanding expenses
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