What is the name given to the owner's or proprietor's account in the business?

Choose the effect of the transaction:Owner withdrew $for his vacation

Choose the effect of the transaction:Transferred cash $to business's bank account

Choose the effect of the transaction:Paid the trade payable by check $50.

Choose the effect of the transaction:Withdrew cheque for business' use $50.

Choose the effect of the transaction:Bought office supplies by cash $5.

Choose the effect of the transaction:Owner withdrew cheque $5 for birthday party for his son.

Choose the effect of the transaction:Purchased $worth of equipment on account

Choose the effect of the transaction:Sold the furniture by cash $5.

Choose the effect of the transaction: The owner started a business and invested his cash $and an Equipment $with a trade payable of $5.00

Choose the effect of the transaction:Acquired a company car by cheque $50000

Choose the effect of the transaction:Received $from a customer in the business' receivable.

Choose the effect of the transaction:Borrowed $from the bank

Choose the effect of the transaction:Incurred a bank overdraft of $5.in using the bank account of the business.

Choose the effect of the transaction:Sold equipment by cash worth $1000

Choose the effect of the transaction:Purchased equipment on credit.

Zero net worth is defined as:

Assets=Liabilities + Capital (True or False)

Land is listed asA = AssetsL = LiabilitySE = Stockholders Equity

Buildings and Equipment is listed asA = AssetsL = LiabilitySE = Stockholders Equity