Earning Increases Owners Equity

by Suhany
(Emirates)

Q: Please explain, with an example, how earnings increases owners equity?


A:
See the lesson called Define Income for how earnings or income increases equity (including an example).

For an earnings/income example which also includes the full journal entry (debit and credit), see the lesson called Income Example.

Click here to post comments

Return to Ask a Question About This Lesson!.











© Copyright 2009-2018 Michael Celender. All Rights Reserved. 
Click here for Privacy Policy.