Assets/(liabilities): Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source, linked pages.) |
imported>Doug Williamson m (Add category.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
Assets / (liabilities) is a sign convention under which assets are positive numbers and liabilities are negative numbers. | |||
Negative numbers are often shown (in brackets) for emphasis. | |||
For example: | |||
Total assets +10 | |||
- Total liabilities (6) | |||
= Net assets +4 | |||
Taking another example: | |||
Total assets +10 | |||
- Total liabilities (15) | |||
= Net liabilities (5) | |||
| Line 9: | Line 30: | ||
*[[Mostly positive]] | *[[Mostly positive]] | ||
*[[Sign convention]] | *[[Sign convention]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 14:16, 8 October 2020
Assets / (liabilities) is a sign convention under which assets are positive numbers and liabilities are negative numbers.
Negative numbers are often shown (in brackets) for emphasis.
For example:
Total assets +10
- Total liabilities (6)
= Net assets +4
Taking another example:
Total assets +10
- Total liabilities (15)
= Net liabilities (5)
