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One important source of financing for most small businesses is the owners' savings. If the owner contributes money to the business from his/her personal savings, it is will be recorded in the Owner's Equity account on the balance sheet. True False
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Question
Asked 9/15/2012 2:55:56 PM
Updated 1/3/2018 4:08:23 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Edited by
Masamune
[1/3/2018 3:59:30 PM], Flagged by
Masamune
[1/3/2018 4:08:23 PM]
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One important source of financing for most small businesses is the owners' savings. If the owner contributes money to the business from his/her personal savings, it is will be recorded in the Owner's Equity account on the balance sheet. True False
Original conversation
User:
One important source of financing for most small businesses is the owners' savings. If the owner contributes money to the business from his/her personal savings, it is will be recorded in the Owner's Equity account on the balance sheet. True False
Weegy:
That is false
Expert answered|
justpretty
|Points 1619|
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Question
Asked 9/15/2012 2:55:56 PM
Updated 1/3/2018 4:08:23 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Edited by
Masamune
[1/3/2018 3:59:30 PM], Flagged by
Masamune
[1/3/2018 4:08:23 PM]
New answers
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8
Masamune
M
One important source of financing for most small businesses is the owners' savings. If the owner contributes money to the business from his/her personal savings, it is will be recorded in the Owner's Equity account on the balance sheet.
TRUE
.
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Added 1/3/2018 3:59:52 PM
This answer has been confirmed as correct and helpful.
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Questions asked by the same visitor
17. It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements. (Points : 2) True False
(More)
Question
Updated 1/26/2017 3:28:27 PM
1 Answer/Comment
8
emdjay23
It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements. TRUE.
Added 1/26/2017 3:28:27 PM
This answer has been confirmed as correct and helpful.
Confirmed by
Andrew.
[1/26/2017 9:52:14 PM]
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