Statement of owner's equity
Statement of owner's equity is a financial report that reveals the change in capital. The ending figure for Owner's 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.
