word Net Assets used in sentences

[Luqman]

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", question 4

All ......... increase with a debit entry and decrease with a credit entry.

(a) advantages
(b) associates
(c) assets
(d) assurances

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", answer 4

All assets increase with a debit entry and decrease with a credit entry.

Correct answer: (c) assets
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word Net Assets used in sentences?

Luqman

[Alan]

Hi,

'Net' describes assets or profits that are as it were 'pure' because the tax or expenses involved have been removed or taken into account.

Alan
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English as a Second Language
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