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)
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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 –