Respuesta :
The amount remaining after the value of all liabilities is subtracted from the value of all assets is called owner's equity.
when assets are deducted from liabilities?
- The whole value of the assets you own less the total amount of liabilities you owe equals your owner's equity, net worth, or capital.
- Or, to put it another way, assets are equal to owner's equity + liabilities.
- The financial statements of your business will be made up of accounts that correspond to these three things.
What are the names of assets and liabilities?
- Your balance sheet can be broken down into two categories, assets and liabilities, in its most basic form.
- A company's assets are any possessions that have the potential to provide future financial gain.
- Your debts to other people are called liabilities. In essence, assets increase your wealth while liabilities decrease it.
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