Liabilities and equity: Difference between revisions

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imported>Doug Williamson
(Re-order.)
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.




== See also ==
== See also ==
* [[Assets]]
* [[Assets]]
* [[Balance sheet]]
* [[Equity]]
* [[Equity]]
* [[Financial reporting]]
* [[Liabilities]]
[[Category:Accounting,_tax_and_regulation]]
[[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