What accounts will not effect owner's equity?

Accounts that do not affect owner's equity include assets and liabilities. For example, when a company purchases equipment (an asset) or incurs a loan (a liability), these transactions do not directly change the owner's equity. Instead, they affect the balance sheet by altering the composition of assets and liabilities. Additionally, certain revenue and expense accounts will ultimately impact owner's equity only through net income, but the initial transactions themselves do not directly affect it.