Fabm

Also known as the balance sheet

This statement includes the items of the company's assets liabilities and owner's equity which in totally provides the financial condition of the company on a specific date?

These are resources owned and controlled by the firm

They are obligations of the theme arising from past events which are to be set out in the future

They are the owners claims in the business. It is the residual interest in the assets of the enterprise after deducting all its liabilities

Those are accounts that are presented under the asset portion of the sfp but are reductions to the company's assets

It is the estimated amount that the company may not be able to collect from delinquent customers

It is the total amount of depreciation booked against the fixed assets of the company

These are assets that can be realized one year after year and date

It is the money on hand or in banks and other items considered as medium of exchange and business transactions