An asset must be _______ by the business to be shown as an asset in its “balance sheet”
Which is the most important characteristic that all assets of a business have?
________ is a separate legal entity that Total capital can be divided in many shares.
Financial statements differ from management account because
Liabilities are which of the following?
________ is the gross inflow of economic benefits?
An asset posses which of the following?
Liability are arisen from which of the following events?
Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting?
The gross decrease in economic benefits for the business are what?
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