What are Drawings?
March 4, 2012
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Drawings The owner can draw / withdraw / take out cash and assets from the business The bank (cash) balance or the asset (e.g. vehicle)
Category: Equity
What is the difference between Equity and Debt?
March 4, 2012
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Equity Ownership in the business. No obligation to pay back equity Debt The funder lends the amount to the business. The business has an obligation
What is Sweat Equity?
March 4, 2012
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Sweat Equity, is where the entrepreneur Contributes time & effort, your “sweat” Contributes knowledge, skills & connections
What is Owner’s Equity?
March 4, 2012
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Owner’s Equity Owner’s Equity = Capital Contribution + Changes below Owner’s Equity Computation Capital contribution by the owner + Net Profit – Net Loss –
What is Equity?
January 25, 2011
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Equity means Ownership in the business Interest or Claim to the Assets in the business