Should the total capital on a balance sheet be the same as the total capital on a statement of owners equity.?

Question

Ok the statement of o/e is the starting capital+the net income- the withdrawals= total capital. Is this total capital supposed to be the same as the total capital on a classified balance sheet. On the balance sheet the assets and the liabilities+equity is equal. On the statement of owners equity it is coming out 16,500 dollars higher. Is this ok or should it be the same as the capital on the balance sheet?

Answer 1

The answer is yes. The statement of owner's equity shows beginning capital plus net income less drawings to arrive at the ending owner's equity. The ending owner's equity should appear in the balance sheet. However if your balance sheet has more info than this one line, it can show the breakdown, effectively duplicating the statement of owner's equity on the face of the balance sheet.