can i deduct value of assets from capital instead of showing it in assets side.
can some please clear this concept i am not getting it, i have seen people deducting value of building from capital and not showing it in assets side.
Thanks in advance
balance sheet equation =
equity/capital = assets - liability
Net worth = reserves and surplus or assets - liabilities.
capital - assets = ? 50capital-100 assets = 50 liabilities? But assets are supposed to be shown on asset side.
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