Here is an extract of a trial balance for Soorya Inc.Indicate which accounts would be reported under the "equity" section of the balance sheet of Soorya Inc.
Definitions:
Goods
Tangible items that are produced or manufactured for sale to consumers, distinguished from services.
Customers
Individuals or entities that purchase goods or services from a company or business.
Managerial Accounting
The practice of analyzing, interpreting, and communicating financial information for internal use by management for decision making.
External Users
Individuals or entities outside a company who use financial information to make decisions about the company, such as investors, creditors, and regulatory agencies.
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