Difference between revisions of "Liabilities and equity"

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''Company accounting''.  
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1. ''Company accounting''.  
Short and long-term debts and obligations owed by the business - for example to creditors, vendors and banks - plus equity.
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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.
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2. ''Financial reporting - balance sheet.''
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Total liabilities and equity are equal to Total assets in the balance sheet.
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== See also ==
 
== See also ==
 
* [[Assets]]
 
* [[Assets]]
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* [[Balance sheet]]
 
* [[Equity]]
 
* [[Equity]]
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* [[Financial reporting]]
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* [[Liabilities]]
  
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[[Category:Accounting,_tax_and_regulation]]
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[[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.


See also