BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -These changes in equity arise due to the fluctuations in dividends, profit or loss, rectifying errors or alteration in accounting policies. The statement starts with the opening equity balance. Then, it further adds and deducts things over time, like profits and dividend payments, to reach the end balance.

Detailed explanation-2: -Equity, in the simplest terms, is the money shareholders have invested in the business including all accumulated earnings. An equity statement is a financial statement that a company is required to prepare along with other important financial documents at the end of the financial year.

Detailed explanation-3: -A statement of change in equity (also referred to as statement of retained earnings) is a business’ financial statement that measures the changes in owners’ equity throughout a specific accounting period. It covers the following elements: Net profit or loss.

Detailed explanation-4: -Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.