What is an equity account used for 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Studied at the University of Sydney, Lives in Sydney, Australia.
Equity is defined as the owner's interest in the company assets. In other words, upon liquidation after all the liabilities are paid off, the shareholders own the remaining assets. This is why equity is often referred to as net assets or assets minus liabilities.
2023-05-08 11:05:30
评论(499)
Helpful(122)
Helpful
Helpful(2)
Zoe Clark
QuesHub.com delivers expert answers and knowledge to you.
Equity is defined as the owner's interest in the company assets. In other words, upon liquidation after all the liabilities are paid off, the shareholders own the remaining assets. This is why equity is often referred to as net assets or assets minus liabilities.
