Transfer of the accounts for the property rights of the balance of the audit to the list of property rights, as well as transfer as a result of the income list of profit or loss to the list.
The list of property rights
property rights known as the obligations owed to the Treaty toward the owner or partners (the owners), and the preparation of this list to see the changes in the rights of the owners of the facility during the period or financial year, where the property rights of the capital increase is less than the property rights of chargeable gains accruing capital personal وبالمسحوبات Cuts Losses, menu items vary depending on the legal form of the enterprise to the individual facility (owned by an individual or a company (owned by more than one person) or company funds (shares), and will be explaining the method of work of the list for companies and method of distribution of profits and losses among the partners in the next lessons, either now will be to clarify the form of a list of changes in the property rights of the individual facility.
xxx amount of capital at the beginning of the
xxx (or)-) additions or reductions of capital during the period
(xxx) (-) personal drawings
xxx (or)-) net income (profit/loss)
xxx of capital at the end of the financial period (net of property rights)
elements of the list of items of property rights:
from the previous figure, the list you find that the list of property rights include the following elements:
capital account in the first period.
Add new capital during the current period, this increases the property rights for the owner of the property. .
The reduction of capital during the current period, this leads to the reduction of property rights for the owner of the property..
Personal drawings during the period, this leads to the reduction of property rights for the owner of the property.
The net profit achieved during the current period, this increases the property rights for the owner of the property.
The net loss achieved during the period, leading to a reduction of property rights for the owner of the property.
The capital account at the end of the period (net of property rights) and the balance of this account will appear when the preparation of the list of the financial center.
in 01/01/2015 The capital account balance of $8,000, the peace during the year occurred the following financial operations:
31/12/2015 the total values of personal drawings in cash and in kind by the office owner equal to $3000
in 31/12/2015 The Office of the peace achieved a net profit of $16,300 dollars.
prepare a list of changes in property rights in 31/12/2015
list of changes in the property rights 31/12/2015
8000 amount of capital at the beginning of the period
(3000) (-) personal drawings
16,300 ( (net profit during the period
red Love net capital 31/12/2015 (net of property rights)
at the close of these accounts in the capital, the capital account balance will be shown on the following figure:
capital account in 31/12/2015
3000 Personal drawings 8000 balance of the beginning of the period
red Love credit balance 16,300 income profit period (summary)
Observations on the solution:
that the data in this example is the same as in the example in the lesson of the list