What Are Assets, Liabilities and Equity?
For example, imagine that a business’s Total Assets increased by $500. This change must be offset by a $500 increase in Total Liabilities or Total Equity. The formula defines the relationship between a business’s Assets, Liabilities and Equity. That could be an individual owner — as with a sole proprietorship — or a large group, […]
What Are Assets, Liabilities and Equity? Meer lezen »