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Definition Of Statement of Changes in Owner’s Equity

Statement of Changes in Owner’s Equity Meaning And Definition:

Statement of Changes in Owner’s Equity
[Post Image Courtesy of Nenetus at FreeDigitalPhotos.net]

It is also called as statement of retained earnings. This statement provides information
about the changes or position of owner’s equity in the company. How the retained earnings
are employed in the business concern. Nowadays, preparation of this statement is not
popular and nobody is going to prepare the separate statement of changes in owner’s equity.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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