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  • Accounting Fall Semester Online Test
  • The account used to summarize the owner's equity in a bus...
Multiple choice

The account used to summarize the owner's equity in a business.

  1. drawing

  2. capital

  3. owner's equity

  4. equity

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Capital account is used to summarize the owner's equity in the business, reflecting investments and earnings.

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