When preparing the statement of owner's equity, the beginning capital balance can always be found
A) in the Income Statement columns of the work sheet
B) in the statement of cash flows
C) in the general ledger
D) in the Balance Sheet columns of the work sheet

Question

Quizplus · Accepted Answer

The beginning capital balance can always be found in the general ledger, as it represents the starting point for the current period's equity calculations. The other options listed do not typically provide information on the beginning capital balance.

When Preparing the Statement of Owner's Equity, the Beginning Capital