Connect with us
Owner’s equity represents the residual claims of the owners to the assets of the business and sometimes is referred to as net assets or net worth....
Assets are financed both by debt and equity. “Equity“ represents the “net assets“ of a corporation. This concept can be compared to owning a house (asset)...
Property and Liquidating Dividends are another two items which are also included on the “Retained Earning” Accounts. On this post I am going to give some...
Retained earnings are created for the most part by the earnings of the corporation. These earnings (referred to as net income) are closed into the retained...