Class Notes (838,239)
Canada (510,787)
Langara College (1,809)
FMGT 1116 (41)
E.Hamer (38)
Lecture

Owner's Equity.docx

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Department
Financial Management
Course
FMGT 1116
Professor
E.Hamer
Semester
Winter

Description
CHART OF ACCOUNTS – OWNER’S EQUITY Owner: Capital  signifies the owner’s investment  that he/she has put into the business  also known as Paid in Capital  recorded as an account that is presented as the owner’s name  the net income of the owner Drawings  the total amount of cash that has been withdrawn by the owner from the company  in dollar amounts EXPENSES  purchases  includes all purchases th
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