Ok, this is a special one for all you accounting students out there. Now, for the more experienced ones, i'm sure you are well aware of what Equity is and how it affects your business, but for a lot of students, especially the new ones and the poor business course students who are forced to take horrible, horrible accounting, the term 'Equity' can be very confusing. So, to start off, lets take a look at the basics:
Every business is made up of three things basically:
1. Assets
2. Liabilities
3. Equity
