The financial difference between the value of an organization's assets and its liabilities is known as ____________.
A)equity
B)sales
C)expenses
D)total revenue

Question

Quizplus · Accepted Answer

The value of an organization's assets subtracted from the value of its liabilities is known as equity. This represents the net worth of the organization or the amount that would remain if all debts were paid off. Therefore, option A is the correct answer.

The Financial Difference Between the Value of an Organization's Assets