Statement of Owner’s Equity - How To Find Out Total Owner’s Equity

This statement of owner's equity shows the changes in Owner’s Equity over the accounting period due to profitable activities of the owners of the business. It is prepared to calculate the value of Owner’s Equity or Capital Account in case of Sole Proprietorship while Statement of Changes In Equity is prepared in case of Companies or Corporations businesses.

Statement of Owner’s Equity Format Example

                                                                                     Rs.

Opening Capital                                                          XXX

+ Add Net Income / Net Profit                                     XXX

+ Fresh Capital Introduced                                          XXX

- Drawings                                                                   XXX

                                                                              ________

Closing Capital / Owner’s Equity                                XXX

                                                                              ________

The closing capital or Total Owner’s Equity will go to the Balance Sheet under Liabilities and Owner’s Equity side.