Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 20 - No. 41)
What is the definition of 'owner's equity'?
The amount of assets the business owns.
The amount of liabilities the business owes.
The owner's stake in the business, calculated as assets minus liabilities.
The total revenue of a business.
Explanation
Owner's equity represents the owner's investment in the business.
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