Owner's 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.
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.