Question

definition owner equity​

Answer 1

hey !!

here's your answer !!

Owner's equity is one of the three main sections of a sole proprietorship's balance sheet and one of the components of the accounting equation: Assets = Liabilities + Owner's Equity.

Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began.

Owner's equity is viewed as a residual claim on the business assets because liabilities have a higher claim. Owner's equity can also be viewed (along with liabilities) as a source of the business assets.

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Answer 2

owners equity represent the owners investment in the business minus the owners draws or withdraws from the business plus the net income since the business began.

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