Examlex
Which of the following is not a true statement about how our solar system formed?
Assets
Economic resources owned by a business or individual that are expected to bring future benefits.
Revenue
Income earned by a company from its business activities or sales, before any expenses are deducted.
Cash
Currency and coins, along with funds in bank accounts and other forms of immediately available funds.
Accounting Equation
The foundation of double-entry bookkeeping, stating that assets are equal to the sum of liabilities and owner's equity: Assets = Liabilities + Owner's Equity.
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