The Gist Accounting Ontology
For the Financial World
All of the core business concepts for accounting are included with your download.
Select an example concept below to understand its scope!
For the Financial World
All of the core business concepts for accounting are included with your download.
Select an example concept below to understand its scope!
It defines a responsibility, an obligation. It could be expressed financially.
A purchase triggers an obligation to pay for the buyer. It becomes a liability to him
A purchase triggers an obligation to deliver for the seller. It becomes a liability to him
