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abhijit pataliya

{ City } mumbai
< Country > india
* Profession * associate
User No # 13736

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Question { ABN AMRO, 36925 }

What is the diffrecnce between liabilities and owner's
equity?

Answer

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