Question

Equity is an example of which accounting concept?

Answer 1

Answer:

the answer is

Explanation:

For example, the basic accounting equation Assets = Liabilities + Owner's Equity can be restated to be Assets = Equities. Equity can mean an owner's interest in a personal asset. For example, the owner of a $200,000 house that has a mortgage loan of $75,000 is said to have $125,000 of equity in the house.

Answer 2

Explanation:

I didn't understand your question can you explain me in another way