So if
Assets - Liabilities = Shareholders Equity
Then
Liabilities & Equity = Assets
So why are there separate totals (showing the same amount) for "Assets" and "Liabilities & Equity", if they are by definition the same thing?
Assets - Liabilities = Shareholders Equity
Then
Liabilities & Equity = Assets
So why are there separate totals (showing the same amount) for "Assets" and "Liabilities & Equity", if they are by definition the same thing?