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What is the diffrecnce between liabilities and owner's
equity?
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Answer Posted / abhijtipatalia
Hi,
Owner and the Company/Firm are both the different entities.
Owner's Equity itself is a liability for the firm/Company
as the owner has invested it into the firm.
Hope this helps.
Thanks,
Abhijit
| Is This Answer Correct ? | 14 Yes | 12 No |
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