Which of these is not an alternative term for equity?
A) Accumulated funds
B) Owners' equity
C) Capital
D) Overdraft

Question

Quizplus · Accepted Answer

Overdraft refers to a financial arrangement where an individual or business is allowed to withdraw more money than what is available in their account, resulting in a negative balance. It is not an alternative term for equity. On the other hand, accumulated funds, owners' equity, and capital are all alternative terms for equity, which refers to the residual interest in the assets of an entity after deducting all its liabilities.

Which of These Is Not an Alternative Term for Equity