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Question Practice

In the context of financial statements, what does 'equity' represent?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

In the context of financial st...

Single Answer MCQ
Q-00082641

In the context of financial statements, what does 'equity' represent?

1

Total liabilities of the company

2

Owner's residual claim after liabilities

3

Total revenue generated by the business

4

Borrowed funds from creditors

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