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equity- not an economic resource why?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › equity- not an economic resource why?

  • This topic has 1 reply, 2 voices, and was last updated 9 months ago by Stephen Widberg.
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  • September 7, 2021 at 1:49 pm #634730
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    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?

    September 8, 2021 at 4:08 pm #634933
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2518
    • ☆☆☆☆☆

    Economic resources are assets. DEBIT

    Equity is not an asset – it’s more like an obligation to shareholders. CREDIT

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