Accountıng I Deneme Sınavı Sorusu #1313590

Which of the following terms refers to the present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow of the entity’s resources?


assets

liabilities

owner's equity

cash

transaction


Yanıt Açıklaması:

Liabilities are defined as a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow of the entity’s resources6

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