On which financial statement would you find the ending Capital balance?
A) Income statement
B) Balance Sheet
C) Statement of owner's equity
D) Both B and C are correct.

Question

Quizplus · Accepted Answer

The ending Capital balance is found on both the Balance Sheet and the Statement of Owner's Equity. The Balance Sheet shows the company's assets, liabilities, and equity at a specific point in time, including the ending capital balance. The Statement of Owner's Equity details the changes in equity, including capital contributions, withdrawals, and the ending capital balance for the period.

On Which Financial Statement Would You Find the Ending Capital