ACCT 284 at Iowa State University

4. Determining Normal Balance for Shareholder's Equity

in Topic 3 (Video 4 of 7)
Shareholder's Equity has a normal balance, just like every other account. It's pretty simple to determine, not unlike Assets and Liabilities.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)
Contributed Capital
+ Retained Earnings
Shareholder's Equity (or Owner's Equity)
Beginning RE
+ Net Income
– Dividends
Ending RE
– Expenses
Net Income

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