Equity is used in accounting in several ways. Often the word equity is used when referring to an ownership interest in a business. Examples include stockholders' equity or owner's equity.
Occasionally, equity is used to mean the combination of liabilities and owner's equity. For example, some restate the basic accounting equation from Assets = Liabilities + Owner's Equity to Assets = Equities.
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is A. Rs. 400 B. Rs. 360 C. Rs. 480 D. Rs. 320
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The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 1/4%, is A. Rs. 108.25 B. Rs. 112.20 C. Rs. 124.75 D. Rs. 125.25
A 12% stock yielding 10% is quoted at A. Rs. 83.33 B. Rs. 110 C. Rs. 112 D. Rs.120
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