Receiving an invoice to be paid next month for work performed that month affects debt and equity.
Equity is the ownership of assets that may be associated with liabilities or other liabilities. Equity is determined for accounting purposes by subtracting liabilities from the value of assets.
The term "justice" refers to fairness and justice, as distinguished from equality. Equality means giving everyone the same, but justice means acknowledging that we all start in the same place and don't have to admit our imbalances and fix them. increase.
Equity represents the value returned to the company's shareholders if all assets were liquidated and all company liabilities were paid. You can also think of equity as the remaining degree of ownership of a company or assets after deducting all liabilities associated with the assets.
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