Liabilities and equity: Difference between revisions
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imported>Doug Williamson (Re-order.) |
imported>Doug Williamson (Expand definition.) |
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Short and long-term debts and obligations owed by the business - for example to vendors, other creditors and banks - plus equity. | 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. | |||
== See also == | == See also == | ||
* [[Assets]] | * [[Assets]] | ||
* [[Balance sheet]] | |||
* [[Equity]] | * [[Equity]] | ||
* [[Financial reporting]] | |||
* [[Liabilities]] | |||
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.
