Accountancy, asked by Thejaskrishna2080, 11 months ago

What Is Owner's Equity?

Answers

Answered by Nainaojha
1

◆In accounting, equity is the difference between the value of the assets and the value of the liabilities of something owned. It is governed by the following equation:

◆ For example, if someone owns a car worth $15,000, but owes $5,000 on a loan against that car, the car represents $10,000 of equity.

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