Anonymous posted an Question
June 29, 2020 • 21:05 pm 65 points
  • UGC NET
  • Management

What do you mean by the owners equity in the financial terminal terminology

what do you mean by the owners equity in the financial terminology

3 Answer(s) Answer Now
  • 0 Likes
  • 3 Comments
  • 0 Shares
  • Anonymous User best-answer

    Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began. Owner's equity is viewed as a residual claim on the business assets because liabilities have a higher claim.

  • Anonymous User best-answer

    Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began. Owner's equity is viewed as a residual claim on the business assets because liabilities have a higher claim.

  • Anonymous User Best Answer

    Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began. Owner's equity is viewed as a residual claim on the business assets because liabilities have a higher claim.

whatsapp-btn

Do You Want Better RANK in Your Exam?

Start Your Preparations with Eduncle’s FREE Study Material

  • Updated Syllabus, Paper Pattern & Full Exam Details
  • Sample Theory of Most Important Topic
  • Model Test Paper with Detailed Solutions
  • Last 5 Years Question Papers & Answers