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Types of Equity Accounts

Types of Equity Accounts

Equity is defined as the owner's interest in the company assets. Upon liquidation after all the liabilities are paid off, the shareholders own the remaining assets. This is why equity is often referred to as net assets or assets minus liabilities.

Contents:

1 What is an Equity Account? – Definition 2 Types of Equity Accounts – Explanation 3 Examples...

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