Hi, Owner and the Company/Firm are both the different entities. Owner&

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

Question Posted / abhijtipatalia

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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

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