What is meant by "what is owed to it" in this sentence? Can you explain please?

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What is meant by "what is owed to it" in this sentence? Can you explain please?

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The balance sheet is a stock statement, which is a snapshot of the microfinance institution at a moment in time. The statement reflects what the MFI owns and *what is owed to it* (assets), what it owes others (liabilities), and the difference between the two (equity or net assets). The balance sheet shows the net worth of an institution at that moment.

2007-02-09 22:15:52 · 3 answers · asked by Ron 1 in Society & Culture ➔ Languages

3 answers

Money which the MFI expects to receive because other parties owe it to them.

2007-02-09 23:32:02 · answer #1 · answered by Doethineb 7 · 0⤊ 0⤋

Assets. Credits. Liabilities.

2007-02-10 06:20:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Moneys due (bills rendered) (accounts recievable) (sales ledger) but not yet paid.

2007-02-10 06:18:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋