| http://www.w3.org/ns/prov#value | - roperty or items of value owned by a business, Resources a business owns or controls that are expected to provide current and future benefits to the business. ??? ??? ??? FUNDAMENTAL ACCOUNTING EQUATION Assets = Liabilities + Owner's Equity ??? ??? ??? HISTORICAL COST the actual amount paid for merchandise or other items bought is recorded ??? ??? ??? LIABILITIES The amounts a BUSINESS owes to a C
|
