if-an-owner-contributes-10000-in-cash-to-a-business-how-will-this-transaction-af

Question

If an owner contributes $10,000 in cash to a business, how will this transaction affect the company's accounts?

Accepted Answer

Increase assets and increase equity.

Answer

Increase liabilities and decrease equity.

Answer

Increase assets and decrease liabilities.

Answer

Decrease assets and increase equity.

If an owner contributes \$10,000 in cash to a business, how will this transaction affect the company's accounts?