The accounts that affect equity are revenues, common stock, expense, and dividends.
The following information should be relevant for the equity:
- If there is an increase in revenue so the equity is also increased.
- If there is an increase in the common stock so the equity is also increased.
- If the expense is increased so it decreased the equity.
- If the dividend is paid so the equity is decreased
In this way, the equity account is affected.
Learn more about the equity here: brainly.com/question/3841249
If you do t plan on having it for a long time, then you don’t have to worry about the maintenance issues and upkeep.
