Respuesta :
Answer: $81000
Explanation:
The capital account, in international macroeconomics, is a component of the balance of payments which records all transactions made between entities/parties in one country with entities in the rest of the world. These transactions consist of imports and exports of various goods, services, capital, and as transfer payments such as foreign aid and remittances. The balance of payments is composed of a capital account and a current account. Although, a narrower definition breaks down the capital account into a financial account and a capital account.
The capital account in accounting shows the net worth of a business at a certain point in time. It is also known as owner's equity for a sole proprietorship or shareholders' equity for a corporation, and it is reported in the bottom section of the balance sheet.
The capital account balance would be equal to the sum of cash deposit and net income minus drawings made.
Capital account balance= Cash deposit + Net income - Drawings made.
Capital balance= 75000+18000-12000
=93000-12000
=$81000
Therefore,the capital account is $81000.
Answer:
$81,000
Explanation:
The money with which Blair Scott started a sole proprietorship by depositing $75,000 is the CAPITAL
While the money the business borrowed is DEBT
The income earned $18,000 will increase Scott's capital (owner's equity) while the amount he withdrew from the business is called DRAWINGS and will reduce his capital
Based on this information, the balance in Scott’s capital account at the end of the accounting period will be his contribution of $75,000 + Net income of $18,000 - Drawings of $12,000 = $81,000
