Retained Earnings

QuickBooks Equity Accounts – Understanding Them

What is Equity anyways? For you that may not understand it completely, equity is the difference between your assets and liabilities (A-L =E). Say you sold off all your assets and paid off all your liabilities, using the funds you received from the sale of your assets, equity would be the money you have left. This would also mean that your total assets equal the sum of liabilities and equity (A=...

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