Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What of the following do you think that is should not be mentioned in the balance: a)sales commission b)salaries & wages c) Owner's withdrawl

user-image
Question added by Deleted user
Date Posted: 2014/09/19
Khalid Noor
by Khalid Noor , Accounting Manager , FedEx

c) Owner's withdrawal because it directly affect the equity/capital

mohammed khodary osman khodary
by mohammed khodary osman khodary , sales , قناه السويس لتامينات الحياه

c

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

Owner's withdrawals  is the answer.

Abed  Othman
by Abed Othman , Financial Administrative Assistant , United Nations International for immigration

owners withdrawals should be mentioned in the balance sheet due to affected by capital  or  owners equity  

should be deductions from owners  equity   

More Questions Like This