What is the difference called if the assets exceed the liabilities?

For business class

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  • B
    Lv 7
    9 months ago

    assets always equal liabilities plus owners equity. therefore when the assets exceed liabilities there are retained earnings.

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  • 9 months ago

    The accounting equation is

    Assets = Liabilities + Equity

    If assets exceed liabilities Equity is positive.

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  • 9 months ago

    PROFIT ??? ------------

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  • Anonymous
    9 months ago

    Retained earnings.

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  • 9 months ago

    It's called "should have listened in class"

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