Examlex
In contradiction to Thomas Aquinas, William of Occam claimed that the truths of religion could not be proved by reason but could be accepted only by faith.
Net Position
The difference between an entity's assets and liabilities, indicating the financial health or status of the entity.
Fund Balance
The net assets of a governmental fund calculated as the difference between its assets and liabilities, representing the cumulative results of operations.
Statement of Revenues
A financial document outlining the sources and amounts of a company's or government's income over a specific period.
General Fund
The primary operating fund of a governmental entity, accounting for all financial resources except those required to be accounted for in another fund.
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