residual definition
An amount remaining after another amount is subtracted. In the accounting equation, owner's equity is the residual of assets minus liabilities.
An amount remaining after another amount is subtracted. In the accounting equation, owner's equity is the residual of assets minus liabilities.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com