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Please answer with reason for all why the option is correct and why the other options are incorrect.. Accounting type Question: The items which increases
Please answer with reason for all why the option is correct and why the other options are incorrect..
Accounting type Question:
The items which increases the owner's capital as a result of business transactions are called
A Expenses
B Income
C Drawing
D Capital
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Step: 1
The correct answer to this question is B Income Reason In accounting capital represents the owners i...
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
