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What is the internal force that opposes the flow of fluids (equivalent to friction between solid substances) ?
GAAP
Generally Accepted Accounting Principles, which are a set of rules and standards designated for accounting practices and financial reporting in the U.S.
Debts
Obligations of an entity arising from past transactions or events, requiring the entity to transfer assets or provide services to other entities in the future.
Liabilities
A company's financial debts or obligations that arise during the course of business operations.
Accounts Receivables
Dues owed by customers to a firm for the provision of goods or services that have been delivered but remain unpaid.
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