0 évaluation0% ont trouvé ce document utile (0 vote)
73 vues3 pages
In an accounting sense an asset is not the same as ownership. Assets are equal to "equity" plus "liabilities" the accounting equation relates assets, liabilities, and Owner's Equity. Current assets are cash and other assets expected to be converted to cash, sold, or consumed either in a year or in the operating cycle.
In an accounting sense an asset is not the same as ownership. Assets are equal to "equity" plus "liabilities" the accounting equation relates assets, liabilities, and Owner's Equity. Current…