QUESTION IMAGE
Question
the two accounts that make up owners equity are ____________
fixed assets and current assets
notes payable and accounts payable
capital and liability
net revenue and drawing
Owner's equity represents the owner's claim on the business assets after liabilities are deducted. Net revenue contributes to the increase in owner's equity, and drawing (withdrawals by the owner) affects it negatively. Fixed - assets and current - assets are types of assets, notes payable and accounts payable are liabilities, and liability is not part of owner's equity components in the way presented.
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Net revenue and drawing