The excess of the assets over the liabilities of a business is called?
Answer Details
The excess of assets over liabilities of a business is called "net worth". It represents the value of the company's assets that remain after all of its debts and other liabilities have been paid off. In other words, it is the amount of money that would be left over if the company were to sell all of its assets and pay off all of its debts.
Net worth is an important measure of a company's financial health, as it indicates how much value the company has built up over time. It is also commonly used as a key indicator of a company's ability to withstand financial challenges or pursue growth opportunities.