Difference between revisions of "Owner's Capital"
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[[Owner's Capital]] (alternatively written as [[owner's capital]] or, simply, [[capital]]; hereinafter, the ''Capital'') is the [[financial account]] that records money or other assets an owner invested into an [[organization]] from personal use. The ''Capital'' is a subdivision of [[owner's equity]]. [[Owner's Withdrawals]] is an [[adjusting account]] for the ''Capital''. | [[Owner's Capital]] (alternatively written as [[owner's capital]] or, simply, [[capital]]; hereinafter, the ''Capital'') is the [[financial account]] that records money or other assets an owner invested into an [[organization]] from personal use. The ''Capital'' is a subdivision of [[owner's equity]]. [[Owner's Withdrawals]] is an [[adjusting account]] for the ''Capital''. | ||
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Revision as of 11:54, 15 December 2018
Owner's Capital (alternatively written as owner's capital or, simply, capital; hereinafter, the Capital) is the financial account that records money or other assets an owner invested into an organization from personal use. The Capital is a subdivision of owner's equity. Owner's Withdrawals is an adjusting account for the Capital.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
