Confusions

Accountancy

Assets mins libality equals to capital Or asset minus libality equals to equity?

Madhu Reddy

CA Inter

★ 4K+

11-Mar-23 13:42

535

Answers (5)

Best Answer

To buy an asset u need money .the two sources are your money and others money.so that's where asset is equal to sum of equity and liabilities.bike equal to down payment plus your banks loan

Gokul Nath

CA Inter

★ 605

11-Mar-23 15:05

Asset equals to liability plus capital or equity

Harsh Kumar singh

CA Inter

★ 11K+

11-Mar-23 13:43

Assets = Liabilities + Capital (Equity) So, bringing Liabilities to LHS, we get, Assets - Liabilities = Capital (Equity)

Varshaa M

CA Final

★ 35K+

11-Mar-23 14:11

Gokul Nath

To buy an asset u need money .the two sources are your money and others money.so that's where asset is equal to sum of equity and liabilities.bike equal to down payment plus your banks loan

Perfect

Thread Starter

Madhu Reddy

CA Inter

★ 4K+

11-Mar-23 15:52

Gokul Nath

To buy an asset u need money .the two sources are your money and others money.so that's where asset is equal to sum of equity and liabilities.bike equal to down payment plus your banks loan

Good Explanation!

CA Suraj Lakhotia

Admin

12-Mar-23 16:27