Examlex
At a minimum,a codebook should include all of the following EXCEPT
Assets
Resources owned or controlled by a business or an individual that are expected to produce positive economic value.
Liabilities
Financial obligations or debts owed by a business to others that must be settled over time through the transfer of economic benefits.
Measurement Principle
An accounting principle that determines the specific basis on which economic events are recognized and quantified.
Monetary Unit Assumption
An accounting principle that assumes transactions and events can be expressed in stable units of money, facilitating their comparison and measurement.
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