Introduction to Accounting

General Accounting Principles

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The rights and claims of outsiders/ owner against the asset is called

Owner’s Equity

Liabilities

Equities

None of these

Explanation:

Equity is the net amount of funds invested in a business by its owners, plus any retained earnings. It is also calculated as the difference between the total of all recorded assets and liabilities on an entity's balance sheet.

By: Munesh Kumari

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