Statement of Owner’s Equity - How To Find Out Total Owner’s Equity
This statement of ow ner's equity shows the changes in Owner’s Equity over the accounting period due to the 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 /...