Definition

This topic has 5 replies, 2 voices, and was last updated 4 years ago by John Moffat.

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July 13, 2021 at 12:43 pm #627609
maximus07
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What is difference between residual asset and residual interest in equity?
July 13, 2021 at 2:59 pm #627629
John Moffat
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Residual means remaining. Residual assets are the assets remaining when a company closes down, after paying off all the liabilities. Residual interest in equity means the same thing.
July 13, 2021 at 6:23 pm #627639
maximus07
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Both are same sir?
July 14, 2021 at 7:18 am #627667
John Moffat
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Yes – that is what I wrote 🙂
July 14, 2021 at 11:13 am #627693
maximus07
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Thank you sir.
July 14, 2021 at 3:12 pm #627721
John Moffat
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You are welcome 🙂
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