10-05-2011, 08:57 PM
Dear Folks,
Hello. I'm new to this forum and generally newbie to Financial Accounting.
No matter how hard I try, I can't understand the difference between "Shareholderâs Equity" and "Total Liabilities and Shareholderâs Equity" in balance sheet.
I know that Shareholderâs Equity = Total Assets - Total Liabilities.
Then what is "Total Liabilities and Shareholderâs Equity"? Is it equal to Total Assets?
Thank you in advance for your help