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What does owners investment mean

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1. What does owners investment mean?

2. Bob's Blankets continues to do well. They're selling loads of blankets and pillows. However, he's realized that he has three more cash register areas than he really needs. They're doing a lot of business, but not enough to warrant having three extra checkout areas. Because of this, he decides he wants to sell those cash registers-after all, they've practically never been used. But he's wondering how this financial change affects his accounting system.

How and where this, and other adjustments in his investment in the company, are entered into the accounting software. What is the effect on assets, liabilities, and equity?

3) What is depreciation?

4) What is fixed assets and why is it important for a business to measure depreciation?

5) What is long term liability and how does it affect a businesses accounting system?

Reference no: EM132634251

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