Jumaat, 17 Jun 2011

WHAT IS OWNER EQUITY

OWNER equity is the total of resources or funds provided for by its owner. Below is a bit about owner's equity.

1.capital
-the amount of money invested by the owner in the business.

2.expenses
-cost of assets consumed or services rendered to earn revenue.

3.drawing
-withdrawals of assets by the owner

4.revenue
-inflow of cash or assets from the sales of goods or services

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