Examlex
A numbered list is a group of related paragraphs with a black circle or other character to the left of each paragraph.
Net Assets
The total assets of a company minus its total liabilities; a measure of its financial health and value.
Equity
The value of an owner's interest in a property or business, calculated as the difference between the total assets and total liabilities.
Liabilities
Liabilities are obligations arising from past transactions expected to lead to an outflow of resources embodying economic benefits.
Accounting Equation
Represents the foundational principle of double-entry bookkeeping, stating that assets equal liabilities plus equity, serving as the basis for all accounting systems.
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