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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › equity- not an economic resource why?
sir why does equity not meet the definition of economic resource?
economic resource for my understanding is a “resource that gives rise to potential economic economic benefits” and raising equity allows entities to raise cash(economic benefit) so then why is it not economic resource?
Economic resources are assets. DEBIT
Equity is not an asset – it’s more like an obligation to shareholders. CREDIT