What is Statement of Owner's Equity Partnership - Format - Example
A Statement of Owner’s Equity Partnership is prepared for partnership’s business and it provides information about capital of each partner, the share of income / profits and losses of each partner, their additional investments and withdrawals from the business. It is the same as in case of Sole Proprietorship where the Statement of Owner’s Equity is prepared, but only the difference is that we, firstly, calculate owner’s equity of each of partners separately and then add the owner’s equity of each of the partners in order to calculate the total of owners’ equity of the business. Format of Statement of Owner’s Equity Partnership: Example: ABC Company ...