Examlex
What is another term for a concept that considers the whole person?
Financial Position
refers to the status of the assets, liabilities, and equity of an entity at a particular point in time, as represented primarily through the balance sheet.
Date
In financial documents, it signifies the point in time when a transaction occurred or when a document was created.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing what the owners or shareholders own outright.
Assets
Economic resources owned by a business or individual that are expected to bring future benefits.
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