Examlex
Select the sentence that contains a confusing - ING modifier.
Accounting Equation
The fundamental equation underpinning the double-entry bookkeeping system: Assets = Liabilities + Equity.
Liabilities
The financial liabilities a firm has towards other parties, necessitating reimbursement through the provision of economic gains over a specified duration.
Increase Assets
An action or transaction that results in a rise in the total value of assets owned by an individual or entity.
Decrease Assets
Decrease in assets refers to a reduction in the economic resources controlled by a company, which can result from expenses, asset disposals, or liabilities being paid off.
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