The owner's contributions and withdrawals are reported on the income statement. True. False.
The owner's contributions and withdrawals are reported on the income statement. True. False.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries
Section21.1: Accruals
Problem 2AYU
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The owner's contributions and withdrawals are reported on the income statement.
- True.
- False.
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