MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Recap of Overview of Financial Statements

Owner's funds...

Question

Owner's funds comes under the category _______

A

Asset

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Liability

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Capital

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Capital

Owner's funds comes under the category Capital

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following, equations properly represents a derivation of the fundamental accounting equation?
(a) Assets + Liabilities = Owner Equity
(b) Asset = Owner Equity
(c) Cash = Assets
(d) Assets - Liabilities = Owner Equity

Q. Give one example of each of the following transactions:
(i) Increase in an asset and a liability.
(ii) Decrease in an asset and a liability.
(iii) Increase in assets and capital.
(iv) Decrease in assets and capital.

Which of the following comes under category Liabilities?

Q. A summary record of the changes in a particular asset, liability or owners equity is known as _________.

Which of the following comes under category assets?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Recap of Overview of Financial Statements

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon