Owner's Equity can also be called net worth, net assets, capital or simply equity. It refers to the owner's interest in the entity. It is also define as the residual interest in the assets after deducting all of its liabilities.
The words used in reporting equity in the balance sheet depends on the form of business. Owner's equity is used on the balance sheet if the company is a sole proprietorship. Partners' equity is used in a partnership. And stockholders' equity or shareholders' equity in a corporation.
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