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residual

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

An amount remaining after another amount is subtracted. In the accounting equation, owner’s equity is the residual of assets minus liabilities.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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