Accounting for IGCSE & O level - Final Statements (Section 7 - No. 16)
In accounting, what does the term 'assets' represent?
Amounts the company owes.
The owners' investment in the company.
Resources controlled by the company.
The company's expenses.
Giải thích
Assets are resources controlled by a company as a result of past events and from which future economic benefits are expected to flow to the company.