Examlex
Which of the following statements is true about a training needs survey?
Increase Assets
An action or transaction that results in a rise in the total value of assets owned by an individual or entity.
Decrease Assets
Decrease in assets refers to a reduction in the economic resources controlled by a company, which can result from expenses, asset disposals, or liabilities being paid off.
Accounting Equation
The foundational equation in accounting, represented as Assets = Liabilities + Owner's Equity, illustrating a company's financial position.
Liabilities
Financial obligations or debts a company owes, which are expected to be paid in the future.
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