Which Of The Following Would Be Included On A Statement Of Owner's Equity? (Check All That Apply.)
A Statement of Owner’s Equity shows movements or changes in Owner’s Equity over a period of time. If the owner’s equity increases then it indicates that the owner’s claims in the business increased due to profitable activities, owner’s additional investments and withdrawals during the accounting period. It is prepared, in case of Sole Proprietorship and Partnership businesses, after the preparation of Income Statement (Statement of Comprehensive Income) but before the preparation of balance sheet (Statement of Financial Position) for the accounting period. Format & Components Of Statement of Owner’s Equity ...