dfs the accounting equation

bemusedstudent

Hi guys, first message so sorry if this sounds thick but, now the equation has changed from assets-liabilities=equity to assets = liabilities+equity, if we're asked in the exam to explain what these mean what do we write for equity, still that its whats left when liabilities are deducted from Assets?

sdv

bemusedstudent wrote: »

........still that its whats left when liabilities are deducted from Assets?

correct