Liabilities and equity: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
imported>Doug Williamson (Classify page.) |
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* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[Liabilities]] | * [[Liabilities]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Revision as of 15:20, 18 April 2020
Company accounting.
Short and long-term debts and obligations owed by the business - for example to vendors, other creditors and banks - plus equity.
Total liabilities and equity are equal to Total assets in the balance sheet.
