As it is used in accounting, the term equities refers to the financial claims on assets (property).

Question:

The two types of equities in a business are

• Creditors’ financial claims, called liabilities, and

• The owner’s financial claims, called owner’s equity.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:40 AM

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As it is used in accounting, the term equities refers to the financial claims on assets (property).

Question:

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1 A claim required to be filed in writing in a proper form by a person or entity owed money by a deb...View the full answer

Glencoe Accounting First Year Course

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