Owner’s Equity

Investment in the business by owner is called owner’s equity. According to SFAC 6the residual interest in the net assets of an entity that remains after deducting its liabilities” (Para. 49).


>> Related Course Principles of Accounting.


Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.