ee
Its called capital
When the owner withdrawals cash for personal use,
The activity of the business is what generates money for the business and the owner will want to maximize income.
capital
Draw
Its called capital
When owner invests more cash in business it increases the owners capital in business and business becomes more liable towards it's owners.
When the owner withdrawals cash for personal use,
ee
ee
debit
When J Simmons the owner invest in her business the transaction would be entered on the
Accounting Entry:Cash xxxxCapital xxxx
yes it does
Owners Funds is when the owner of a company (buisness) invests his own money into the buisness.
Sole proprietorship
Business owner