Asset claims

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Asset claims (alternatively known as equities; hereinafter, the Claims) The rights of financial claims of creditors (which are liabilities) and owners (which is owner's equity) who supply the assets to an organization. The Claims (equities) = liabilities (debtors' equity) + owner's equity. The monetary amount of the Claims are always equal to that amount of assets; assets = the Claims.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Equities. The rights of financial claims of creditors (liabilities) and owners (owner's equity) who supply the assets to an organization.

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