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The owner contributes his/her personal car to the business. The Owner`s Equity will?

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Question added by Imdad Hussain Rajput , Assistant Sales Manager , Forego
Date Posted: 2015/08/02

1. Increase

Since with the double entry principle there will be increase in asset and increase in owner's equity

Mehboob Ali Laghari
by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union

it really depends on the one of the three categories of investment/contribution.. However, The owner`s equity should increase along with fixed assets...

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