Interested to Buy Any Domain ? << Click Here >> for more details...
What is the diffrecnce between liabilities and owner's
equity?
- 3 Answers
- 37123 Views
- ABN AMRO, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prateek
liabilities means any amount borrowed from outside, it
involves all current liability, long term loans, payment
dues etc. on the other hand owner's equity means interest of
owner in business. like the amount of profit.
thanks
prateek srivastava
9828083910
| Is This Answer Correct ? | 61 Yes | 5 No |
Answer / syeda shadab
liabilities are the borrowed money from the outsiders such as the creditors and the owners equity is the asset of the company.owner's equity is the amount that is invested by the owner to the company.while liquidating the company(closing the company)the liabilities will be calculated first and the amount will be settled to the creditors and if the amount is remaining then after calculating the preference shares holders dividends then we will get the equity shares owners dividends.
therefor,we can say that the liabilities are the credits of the company and whereas the owner's equity is the asset to the company.
| Is This Answer Correct ? | 14 Yes | 8 No |
Hi,
Owner and the Company/Firm are both the different entities.
Owner's Equity itself is a liability for the firm/Company
as the owner has invested it into the firm.
Hope this helps.
Thanks,
Abhijit
| Is This Answer Correct ? | 14 Yes | 12 No |
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
How will be prepare invoice in tally, please tell me step by step
what is the difference between finacial account and other account?
Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa
capital goods excise duty why are taken in 50 percent in firt finicial year and second next finicial year?
what is difference between venture capital financing and equity financing?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
In case of Bad Debt such amount should be credited to 1.Cash account 2.Debtors account 3.Sales account
Where will you show the EXCHANGE RATE RESERVES in final accounts....???
what is cap & floor of call rates?
if salary p.m rs 70000 what will the rate of tds for assessment year 2011-2012
Expand N A B A R D
Audit 
