Question

capital account or owner equity account class 11​

Answer 1

Answer:

Owner's equity is recorded in the balance sheet at the end of an accounting period. It is obtained as the difference between the total assets and liabilities

Answer 2

Explanation:

Business owners use equity to assess the overall value of their business, while capital focuses only on the financial resources currently available. ... Capital is a subcategory of equity, which includes other assets such as treasury shares and property.