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3

3. .........., owner’s investments
and withdrawals must be
separated from revenues
and expenses

4. When someone invests in his
or her own company, the
……….. is recorded in the
Capital account

5. There are …… transactions that
affect owner’s equity

6. There must be …… accounts for
Owner’s equity

7. A person who invests in a
company is called an ………..

8. Withdrawals is the account used
to record the …………..that the
owner withdraws from the
company

9. ………………. have to knows the
nature of all the expenses of the
company.

10. The company has earned a ……
when revenues are more than
expenses.

11. Revenue account helps the
management know exactly the
…………. of all revenues

12. When someone invests in his or
her own company, the ………. is
recorded in the capital account

13. When someone invests in his or
her own company, the …….. is
recorded in the capital account