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