Which of the following is a group of accounts that shows the rights of the owner or partners of the business on the assets of the business ? a) resources B) Past Years Profits NS) Equity Resources D) Snow Reserves TO) Long Term Liabilities

Which of the following is a group of accounts that shows the rights of the owner or partners of the business on the assets of the business ? a) resources B) Past Years Profits NS) Equity Resources D) Snow Reserves TO) Long Term Liabilities

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2E: List the classification of each of the following accounts as A (asset), L (liability), OE (owners...

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Which of the following is a group of accounts that shows the rights of the owner or partners of the business on the assets of the business ?

resources

B)	Past Years Profits

NS)	Equity Resources

D)	Snow Reserves

TO)	Long Term Liabilities

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