Account Manager Assistant Question:
Define equity for assistant account manager?
Answer:
Equity is used in accounting in several ways. Often the word equity is used when referring to an ownership interest in a business. Examples include stockholders' equity or owner's equity.
Occasionally, equity is used to mean the combination of liabilities and owner's equity. For example, some restate the basic accounting equation from Assets = Liabilities + Owner's Equity to Assets = Equities.
Occasionally, equity is used to mean the combination of liabilities and owner's equity. For example, some restate the basic accounting equation from Assets = Liabilities + Owner's Equity to Assets = Equities.
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