TOTAL LIABILITIES AND EQUITY Definition

Bookmark and Share

TOTAL LIABILITIES AND EQUITY is all claims on the company's total assets, by outsiders (liabilities) and the company owners/shareholders (equity).

Learn new Accounting Terms

GENERAL ACCOUNTING involves the basic principles, concepts and accounting practice, recording, financial statement preparation, and the use of accounting information in management.

RESERVE ACCOUNTS, generally, are those accounts where retained earnings are set aside to satisfy dividends, improvements, contingencies, retirement of preferred stock, etc.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.