What is Owner’s Equity in Accounting? | Explained Like You’re 12!
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What is Owner’s Equity in Accounting? | Explained Like You’re 12!
Owner’s Equity in Accounting represents the value that belongs to the business owner after all liabilities are deducted from assets. It represents contributions by owners plus earnings, less any distributions to owners. In simple terms, Owner’s Equity shows how much of the business truly belongs to the owner. Learn the Owner’s Equity ...
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