[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. For sole-proprietorship and partnership a Capital account is used to record the investment of the owners and income earned by the company. A Withdrawal (or drawing) account is used when the owner takes money out for personal use. For corporations a Common Stock account is used to record the investment of the owners. The owner's capital account normally has a credit balance . Owner's equity includes four types of accounts: Owner's Capital Revenues Expenses and Owner's Drawing. Craig...

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