The total asset of business minus its total liability is the
Answer Details
The total asset of a business minus its total liability is the "capital owned" or "owner's equity". This represents the portion of the assets that the business actually owns, as opposed to owing to creditors or other sources. It is essentially the residual interest in the assets of the business after all liabilities have been deducted. This amount represents the net worth of the business and is considered a key indicator of its financial health.