ASAP answer the subquestions Which of the following does not directly or indirectly affect the owner's Capital account?Paying an accounts payableWithdrawals by the ownerEarnings of revenuesO Incurring of expensesThe first step in recording a transaction in a journal is to *O Write an explanationO Record the debitRecord the creditRecord the date

The question is based on the concept of Financial Accounting.

Which of the following does not directly or indirectly affect the owner's Capital ac Paying an accounts payable O Withdrawals by the owner O Earnings of revenues Incurring of expenses The first step in recording a transaction in a journal is to *

Which of the following does not directly or indirectly affect the owner's Capital ac Paying an accounts payable O Withdrawals by the owner O Earnings of revenues Incurring of expenses The first step in recording a transaction in a journal is to *

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 3MC: If a journal entry includes a debit or credit to the Cash account, it is most likely which of the...

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Question

ASAP answer the subquestions

Which of the following does not directly or indirectly affect the owner's Capital account?
Paying an accounts payable
Withdrawals by the owner
Earnings of revenues
O Incurring of expenses
The first step in recording a transaction in a journal is to *
O Write an explanation
O Record the debit
Record the credit
Record the date

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