[Answer] Which type of account is Owner's Capital?

Answer: Equity

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Which type of account is Owner's Capital? Definition: Owner’s Capital also called owner’s equity is the equity account that shows the owners’ stake in the business. In other words this account shows the how much of the company assets are owned by the owners instead of creditors. Typically the owner’s capital account is … Thu Nov 07 2019 · The owner's capital account is shown in the business balance sheet as "[owner name ] capital account . Partners i n a partnership and members of a limited liability company (LLC) have capital accounts. owner's capital account definition The account in which the owner's investment is recorded plus the net income earned by the company minus the draws made by the owner. Current year net income and draws will be in temporary accounts until the end of the year. In its simplest form capital means the funds brought in to start a business by the owner(s) of a company. It is an investment by the proprietor(s) or partner(s) in the business. Bringing in equity can mean money or assets as we...

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