Owner's equity is best depicted by the following: Assets = Liabilities. Assets - Liabilities. Residual equity + Assets. Liabilities + Assets.
Owner's equity is best depicted by the following: Assets = Liabilities. Assets - Liabilities. Residual equity + Assets. Liabilities + Assets.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 3CE: What are the effects of the following transactions on the accounting equation? Indicate an increase...
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As per accounting equation
Equity = Assets-Liabilities
Hence
Owner's equity = Assets-Liabilities
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