Liabilities and equity: Difference between revisions
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''Company accounting''. | 1. ''Company accounting''. | ||
Short and long-term debts and obligations owed by the business - for example to creditors | |||
Short and long-term debts and obligations owed by the business - for example to vendors, other creditors and banks - plus equity. | |||
2. ''Financial reporting - balance sheet.'' | |||
Total liabilities and equity are equal to Total assets in the balance sheet. | |||
== See also == | == See also == | ||
* [[Assets]] | * [[Assets]] | ||
* [[Balance sheet]] | |||
* [[Equity]] | * [[Equity]] | ||
* [[Financial reporting]] | |||
* [[Liabilities]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 11:43, 29 October 2020
1. Company accounting.
Short and long-term debts and obligations owed by the business - for example to vendors, other creditors and banks - plus equity.
2. Financial reporting - balance sheet.
Total liabilities and equity are equal to Total assets in the balance sheet.
