For other people named Bob Ross, see Bob Ross (disambiguation) . Robert Norman Bob Ross (October 29, 1942 â July 4, 1995) was an American painter, art instructor, and television host.
net equity net assets and deficit equity are all terms that may arise on a company s balance sheet this is a document that is prepared periodically and is used for accounting purposes it is also prepared for the benefit of stockholders or any entity that has a financial interest in the company such as a creditor
2. Subtract liabilities from net asset value to get the amount of equity. Specifically, subtract the total of your business liabilities from your business assets. If thereâs anything left, this amount is the equity of the business or the ownerâs equity.1  For instance, to use the previous example, if you have $200,000 in net asset value but the business owes $50,000 in loans, the equity in the business is $200,000 minus $50,000, or $150,000.f thereâs anything left, this amount is the equity of the business or the ownerâs equity. 1  For instance, to use the previous example, if you have $200,000 in net asset value but the business owes $50,000 in loans, the equity in the business is $200,000 minus $50,000, or $150,000.