Accounting


A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

  Dictionary  »  Letter M  »  Matt Jones, Capital

Matt Jones, Capital

The owner's equity account that contains the amount invested in the sole proprietorship by Matt Jones plus the net income since the company began minus the draws made by Matt Jones since the company began. The current year net income might be in the temporary revenue and expense accounts and the current year draws might be in the temporary drawing account. However, after the financial statements for the year are prepared the current year net income and draws will be transferred to this account.


» For more clarity on this term: 

  ← Go Back

Learn about our 2010 Master Accounting Download Package

Now you can highlight, make notes, and study away from your computer.

Complete PDF Package

Click Here to Learn More