CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Excess of Assets over liabilities is ___________.

A
Owner's capital
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Net profit
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Gross profit
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Net worth
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Owner's capital
Accounting Equation:

Owners Capital+ liabilities=Total Assets

Hence,
Total Assets- Liabilities=Owners Capital

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Solvency Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon