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What is the diffrecnce between liabilities and owner's
equity?
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Answer Posted / 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
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| Is This Answer Correct ? | 61 Yes | 5 No |
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