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
When assets exceed liabilities, positive equity exists and in the case that liabilities are higher than assets, the company will have a negative equity. â¢ In accounting terms, shareholders equity is the sum total of financial capital contributed by the owners and the retained earnings in the balance sheet.