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
Owners' equity = Assetsâ Liabilities. = Net Worth. The Balance sheet always balances, whether the firm's financial position is very good, or terrible. This is because double entry principles and accrual accounting ensure that every change to one side brings an equal, offsetting change on the other side.