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Total Liabilities and The Equity of a Business This is the final post ( for now anyway )....concerning your business' balance sheet. The first post began HERE Total Liabilities Total liabilities represent the sum of all monetary obligations of a business and all claims creditors have on its assets. EQUITY Equity is represented by total assets minus total liabilities. Equity or Net Worth is the most patient and last to mature source of funds. It represents the owners' share in the financing of all the assets. Hope you've benefited from these posts on financial statements. print them out and re-read as much as you have to OR you're always welcome to read them in the archives of this blog. See you tomorrow. Suzie Searching for floral baskets and other Gift items? It's easy to Find THEM Right here Posted: Saturday 29th January 2005, 12:25 AM

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