Which of the following items are on both the balance sheet and the statement of Owner's Equity?
A) Net loss
B) Capital
C) Additional owner's investments
D) Owner's withdrawals

Question

Quizplus · Accepted Answer

Capital is the only item that appears on both the balance sheet and the statement of Owner's Equity. The balance sheet reflects the owner's capital as part of the equity section, while the statement of Owner's Equity shows the changes in the owner's capital, including the beginning balance, additions, and subtractions to arrive at the ending capital balance.

Which of the Following Items Are on Both the Balance