Examlex
Gregorian Reform included
Owners' Equity
The total value that the owners or shareholders have invested in a company minus any liabilities the company has.
Assets
Resources owned by an individual or business with economic value expected to provide future benefits.
Liabilities
Financial obligations or debts that a company or individual is responsible for repaying.
Accruals
The accounting principle that revenue and expenses are recorded when they are incurred, regardless of when cash is exchanged.
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