Which part of the accounting equation are revenues considered a subcategory of?

Accounting Dec 16, 2020

Expert Solution

Owner's capital .

Using the accounting equation (assets = liabilities + capital + revenue - expenses), revenue is a subcategory of the owner's capital or stockholders' equity as revenue will increase the equity balance. Any form of revenue is added to the capital balance.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote