Difference between revisions of "Statement of owner's equity"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Statement of owner's equity]]. | + | :[[Statement of owner's equity]]. A financial statement that reveals the change in capital. The ending figure for capital is then placed on the [[balance sheet]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 15:01, 15 December 2018
Statement of owner's equity is a financial report that details the change in Owner's Capital over a specific period of time. The ending figure for capital is then placed on the balance sheet.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Statement of owner's equity. A financial statement that reveals the change in capital. The ending figure for capital is then placed on the balance sheet.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
