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-   -   Owner`s equity (https://www.askmehelpdesk.com/showthread.php?t=229110)

  • Jun 20, 2008, 11:59 PM
    pete26
    Owner`s equity
    Owners Equity in Adjusted Trial balance is 4,000 and in Balance Sheet 4,000. Do I add this in Statement of Owners Capital?
  • Jun 22, 2008, 01:20 AM
    morgaine300
    The statement of owner's equity has to be done before the balance sheet. If the amount on the adjusted trial balance is $4000, it's not going to be $4000 on the balance sheet. The statement of owner's equity will add net income (or subtract net loss) and subtract any withdrawals, for a new end-of-year balance. That number goes on the balance sheet.

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