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What Does Equity ACTUALLY Mean?

🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel Discover what Equity means in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll find the definition of Equity in Accounting. You'll also learn how Equity is made up of Capital Contributions, Retained Earnings and Withdrawals. And as if that wasn't enough, you'll also find the link between the Income Statement and the Balance Sheet in the context of the expanded Accounting Equation. ⏱️TIMESTAMPS 00:00 - Intro 01:35 - Equity definition #1 02:37 - Equity definition #2 04:37 - How to structure your business? 04:44 - Sole Proprietor 04:50 - Partnership 04:43 - Corporation 05:29 - Capital Contributions Explained 07:27 - Retained Earnings Explained 08:52 - Withdrawals Explained 09:39 - How the Expanded Accounting Equation works ♻️PLASTIC FREE FEB ▪ Facebook →   / pffeb   ▪ Insta →   / plasticfreefeb   🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 ▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1... 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / thisisaccountingstuff   🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist →    • ACCOUNTING BASICS for Beginners (Whol...   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff