What Information / Components Does The Statement Of Owner's Equity Contain

What is Statement of Changes In Owner's Equity?

The Statement of changes in owner's equity shows changes in opening capital of the owner’s business over the accounting period. It is also known as Statement of Owner’s Equity.

Statement Of Changes In Owner’s Equity Contain Which Accounts

The statement of owner’s equity contains begning balance of Capital Account i.e, opening capital, additional investment, Net Income or Net Loss for the period, withdrawals of owners (Drawings) and the ending balance of capital account, i.e., ending capital.

Does The Statement Of Owner's Equity Contain Only Permanent Accounts

It contains Permanent Accounts or Balance Sheet Accounts and also it includes a Temporary Account, which is a Personal Account, named as drawing account.