O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2020 · Q41 Mark
What does the owner's equity consist of?
Athe amount of money in the business bank account
Bthe amount owed by the business to the owner
Cthe total of the assets owned by the business
Dthe total of the current assets less the current liabilities
✓ Correct answer
B: the amount owed by the business to the owner
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