Asset claims
Equities (alternatively known as byby; hereinafter, the byby) is the rights of financial claims of creditors (liabilities) and owners (owner's equity) who supply the assets to an organization.
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.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
