IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
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- #101
Accounting is not that difficult, spend less than what you have and you're in the clearAll you need to know about accounting is that if the red side is larger than the black side… You're in debt.No, debt is a liability. When operating in the red means you're always in debt. Economics 101No, you ignorant chiggger.......when operating in the red it means that revenues are not meeting expenses FOR THE GIVEN PERIOD......it has NOTHING to do with debt........
No....it means you are operating at a loss........for that period....
Dollars to donuts you've never taken an econ course......you sure as shit know nothing about accounting...
A grade schoolteacher can tell you that
don't go to Grade School teachers for pointers....
Are you acquainted with the terms "Retained Earnings" and "Stockholder Equity"?
that's keeping household books........take a look at a 10k for a publicly traded corporation sometime......
If accounting wasn't "all that difficult" they wouldn't be offering PhDs in the discipline.....and there wouldn't be IFRS and 20 flavors of GAAP