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Phobas Inc

question 89

Multiple Choice

Phobas Inc.develops a new software named "ET Fanome" to meet its own needs and requirements.The software isn't sold to the public or other organizations.Such a software is called ________.

Definitions:

Period Of Time

A specific duration or length of time during which an event occurs or a condition exists.

Expenses

Costs incurred in the operations of a business that are necessary for earning revenue.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, often referred to as the net assets or shareholders' equity.

Assets

are resources owned by a business, having economic value and expected to provide future benefits.