capital account
A shareholder's or owner's account indicating the individual owner's investment plus net income from business operations, minus any net losses from operations, and minus any withdrawals of funds by the owner for personal use.
Definition from Nolo’s Plain-English Law Dictionary
The record that lists the amount of funds and assets invested in a business by the owners or stockholders, including retained earnings. It states the net worth of the business at a given time.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
