accounting question???

Question

Beginning owner’s capital plus net income minus owner’s drawings equals…

u. revenue
v. total expenses
w. total assets
x. ending owner’s capital
y. basic accounting equation

Answer 1

All of these factors are related to the equity term of the accounting equation. This alone eliminates w and y as viable options.

Revenue and expenses yield net income, which was one of the items listed in the question. So we can elimiate u and v.

The only choice left is x. Put more directly, beginning equity plus any changes in equity equals ending equity.

Answer 2

ending owner:s capital

Answer 3

X