what is the formula for determining equity? equity = assets x liabilities equity = liabilities - assets…
what is the formula for determining equity? equity = assets x liabilities equity = liabilities - assets equity = assets - liabilities equity = liabilities / assets
Answer
Brief Explanations:
Equity represents the residual interest in the assets of an entity after deducting liabilities. The basic accounting equation leads to the formula where equity is calculated as assets minus liabilities.
Answer:
Equity = Assets - Liabilities