Equity Accounts

Equity accounts represent the owners' interest in the assets of a business. The owners' interest is the part of assets that is left after all liabilities are paid. Therefore equity is sometimes called Net Assets.

Types of Equity Accounts

Equity accounts may be divided into following important types:

Equity Accounts List

Following are the most common equity accounts for single owner businesses and partnerships:

Following are some of the equity accounts which are used by corporations:

Written by Irfanullah Jan