What does 'inflow' mean ?
Can someone help me explain this? I'm literally breaking my head into pieces trying to understand what 'economic resources' means.
My accounting textbook says that REVENUE is "inflows or other enhancements of an entity's assets or settlement of its liabilities."
What is an example of an 'inflow' here?
- ScottLv 71 month ago
It's simply the opposite of "outflow". Think about it.