Statement of owner's equity
Statement of owner's equity is the 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.
