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Owner's Capital Account
An equity account on the balance sheet representing the total amount of investment made by the owner(s) in the company, including profits retained in the business.
Balance Sheet Accounts
These are the financial accounts that appear on the balance sheet, including assets, liabilities, and equity accounts, representing the financial position of a company at a specific point in time.
Permanent Accounts
Financial accounts whose balances are carried over into the next accounting period, including assets, liabilities, and equity accounts.
Real Accounts
Accounts that represent assets, liabilities, and equity, which are not closed at the end of the accounting period and carry over their balances.
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