Investment in the business by owner is called owner’s equity. According to SFAC 6 “the 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.