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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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Asked 9/15/2012 2:55:56 PM
Updated 227 days ago|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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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|

Question
Asked 9/15/2012 2:55:56 PM
Updated 227 days ago|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.
Added 227 days ago|1/3/2018 3:59:52 PM
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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
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Updated 1/26/2017 3:28:27 PM
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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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