Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 2 - No. 15)
What is the meaning of equity?
The monetary value of capital contributed by the owner(s).
The business's debts to creditors
The amount of goods and services that the business is providing.
The owner's investment in the business
Explanation
Equity is the owner's investment in the business or capital contributed by the owner(s).
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