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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › FINACIAL ASSETS & LIABILITIES
The Difference btn Financial Liability & Equity Please may give further explanation
Equity is that value which is attributable to those shareholders who have a residual right to the assets remaining in a company in the event of a company’s liquidation after all liabilities have been settled. A financial liability is a liability of the company
