Children in the Basic Forms Stage Are Capable of Using

question 39

True/False

Children in the basic forms stage are capable of using different tools in addition to crayons.

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Definitions:

Cash

Physical form of currency such as coins and banknotes; in accounting, cash also includes balances in bank accounts.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities.

Liabilities

Financial obligations or debts that a company owes to external parties or entities.

Assets

Assets are resources owned or controlled by a business, expected to bring future economic benefits.