What is Owner's Equity?
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Answer / ashid puzhakkal, m.com.,b.ed.
Owner's equity means capital.As per the accounting
equation, ASSETS=EQUITIES. There are two types of equities.
Owner's equity and outsider's equity.Owner's equity is the
money or money's worth introduced or invested by the owner
into the business
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / earasathiru6
Owners of Company who is the real share holders for a
copany is cxalled equity share holders they are take
devindend last i.e PAT(profit after tax & reserve
&surplus).Remaing share holders all are take their devidends
and interestDebt Debenture Before of Equity if some times
copany is not gie devidend for the equity share holders.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / parameshgouda
paid in-capital plus donated capital plus retained earning
less liability.
| Is This Answer Correct ? | 3 Yes | 3 No |
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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