Difference between revisions of "Ending capital"
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Revision as of 05:14, 20 December 2018
Ending capital is Beginning Capital + Additional Investments + Net income - Owner's Withdrawals = Ending Capital. Or Beginning Capital + Additional Investments - Net loss - Owner's Withdrawals = Ending Capital
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Ending capital. Beginning Capital + Additional Investments + Net income - Owner's Withdrawals = Ending Capital. Or Beginning Capital + Additional Investments - Net loss - Owner's Withdrawals = Ending Capital
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
