Equity Archives - Print & Promo Marketing

Ask the Accountant: What Is Equity, And How Is It Different from Assets?

September 6, 2024September 20, 2024 Harriet Gatter

Ask the Accountant… Question: What is equity in my business and how is that different from assets? Answer: In accounting, equity is assets minus liabilities. Equity is the portion of your business that is yours after debts or liabilities are considered. As an example, if you purchased a house for $300,000 and took a mortgage…

What Is Equity on Your Balance Sheet?

September 16, 2022May 8, 2024 Harriet Gatter

Ask the Accountant… Question: What is equity that shows on my Balance Sheet? Answer: In the basic accounting formula, equity equals assets minus liabilities. Assets are what you own, such as your bank account and accounts receivables. Liabilities are what you owe, such as accounts payables and credit card debt. Equity is the difference, or…