XI Accounting Class 04 Owner's Equity And Income or Revenue

XI Accounting Class 04 What are Owner's Equity and Income or Revenue

OWNER’S EQUITY

Capital
Drawings
Profit and loss

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Kinds of Assets


Kind of Liabilities

Income or Revenue


Commission income
Sales
Rent income
Interest income
Fees income
Consulting fee
Repairs income
Other Income
Contra Income:
Sales returns and allowance
Sales discount