Liabilities and equity: Difference between revisions
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson m (Reorder and update.) |
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''Company accounting''. | 1. ''Company accounting''. | ||
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. | ||
2. ''Financial reporting - balance sheet.'' | |||
Total liabilities and equity are equal to Total assets in the balance sheet. | Total liabilities and equity are equal to Total assets in the balance sheet. | ||
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.
