[larisat01]

What is unused profits in a company called?
what is Owner's taking money out of a company called?
What is a total of all debts or anounts owed to creditors called?
What is the cost of doing business called?
What is the claim against assets of a company by creditors called?
What is Accounting system where each transactions is recorded in at least two accounts and the accounting equation remains balanced called?
What is an Equation representing relationship between assets, liablilites and owner's equity called?

[Clarityaim]

I am presented with a problem with the balance sheet. Assets are listed, liabilities are listed, but equity isn't! Is there a formula to find equity?

[pready]

You need to use the basic accounting equation, which is: Assets = Liabilities + Owners Equity.

This formula can be rewritten as: Owners Equity = Assets - Liabilities.