Final answer:
The owners' claim on assets is referred to as the net worth or equity, and it is shown in the liabilities section of a T-account, which helps track a firm's finances.
Step-by-step explanation:
The owners' claim on assets in a business is represented as the net worth or equity of the company. This concept is part of accounting and is visually demonstrated by a T-account, where the 'T' separates the assets on the left side from the liabilities on the right side. Every business uses T-accounts to manage their finances, and for banks, these accounts are a way to track reserves, loans, securities, and deposits. Liabilities like deposits are what the bank owes to others, and the net worth of the bank is calculated as total assets minus total liabilities. A positive net worth indicates a healthy business, whereas a negative net worth suggests bankruptcy. The assets on a bank's T-account will always equal the sum of liabilities and net worth.