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Instructions: Please Define the Following Key Terms

question 54

Essay

Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Manchu (Qing)dynasty


Definitions:

Partners' Capital Statement

A financial statement that shows the changes in each partner’s equity in the business over a specific period of time.

Drawings

Withdrawals of cash or other assets from a business by the owner for personal use.

Capital Statement

A financial statement that outlines the changes in owners' equity over a specific period.

Drawings

Withdrawals made by an owner from the business for personal use, reducing the capital account of the owner.

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