Net assets

Is it correct to say the net assets are those assets leftover once all the assets are sold to settle all the liabilities?

And similarly this is also the definition of total equity which is precisely those assets that are left to be paid back to the shareholders to whom the business owed money to?

And it is also correct that one we sold all the assets to pay all the liabilities what we will be left would be the amount of total equity. Let’s say we have total assets of $100,000 and total liabilities of $70,000 then our net assets would be $30,000 which is exactly the amount we would have for the total equity (isn’t it?)

Thanks for your time