The beginning capital balance used on the Statement of Owner's Equity is obtained from:
A) the worksheet in the balance sheet credit column.
B) the worksheet in the income statement credit column.
C) the amount calculated on the statement of owner's equity.
D) the worksheet in the balance sheet debit column.

Question

Quizplus · Accepted Answer

The beginning capital balance on the Statement of Owner's Equity is obtained from the worksheet in the balance sheet credit column, as this column reflects the owner's equity at the start of the period.

The Beginning Capital Balance Used on the Statement of Owner's