Earning Increases Owners Equity

by Suhany

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

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!.

Enjoying this Website?
Help Support it with a Donation


Advertise on Accounting-Basics-for-Students.com

Search this website:

All the lessons on this site and much, much more...

Accounting Basics: Complete Guide

Available Now On

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by

Subscribe to
The Student Accountant newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you The Student Accountant.