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What do you mean by Equity? - Accounts

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Question

What do you mean by Equity?

Very Short Answer
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Solution

Equity means the shareholders’ funds in a company, which includes share capital, reserves, and surplus.

Equity = Total Assets – Total Liabilities

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Chapter 15: Project Work - PROJECT WORK PROBLEMS [Page P-64]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 15 Project Work
PROJECT WORK PROBLEMS | Q 33. | Page P-64
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