Total equity is a measure of an entity's equity that is calculated as the difference between its total assets and...

A intangible asset is an asset that has no physical substance. Typically, intangible assets are non-physical and non-monetary assets. For...

A tangible asset is a type of assets that has physical substance and property. Tangible assets consist of fixed assets...

Overheads (overhead costs), as a measure of cost, consist of indirect materials, indirect labor costs and indirect expenses which are...

A monetary liability is a liability whose value is measured and stated in monetary terms (cash amounts). As such, it...

A monetary asset is a type of financial asset that constitutes money (cash) held in, and assets whose value can...

A monetary item is an asset or liability whose value is stated in monetary terms that will not change (or...

A nonmonetary liability is a nonmonetary item that an entity has on its financial statements and that is not a...

A non-monetary liability is a non-monetary item that an entity has on its financial statements and that is not a...

A nonmonetary asset is a nonmonetary item that an entity has on its financial statements and that is not a...