Statement of changes in owner’s equity (10/21/21)

SCOE Elements
- Beginning, Capital +
o Balance of the owner’s capital account at the beginning of the accounting period.
- Additional investments +
o Any additional contributions by owners within the accounting period.
- Net Income +
o Total income – expenses
o Income> Expense
- Net Loss -
o Total income – expense
o Income < expense
- Withdrawals -
o Removal/reduction of funds by owners for personal use
- Ending, capital
o Balance of the owner’s capital account effecting the changes

Headings:
ABM Company
Statement of Changes in owner’s equity
For the year ended December 31, 20xx

Capital, Beginning P xxx

Additional Investments xxx
Net Income xxx
Net Loss (xxx)
Withdrawals (xxx)
Ending, Capital P xxx