…………….is the residual interest in the asset of an entity after deducting all liabilities
A)Capital
B)Net Asset
C)Depreciation
D)Equity

Name: …………….is the residual interest in the asset of an entity after deducting all liabilities A)Capital B)Net Asset C)Depreciation D)Equity
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Question

Quizplus · Accepted Answer

Equity represents the residual interest in the assets of an entity after deducting all its liabilities. It is the owner's claim on the company's assets after all debts have been paid.

……………Is the Residual Interest in the Asset of an Entity