Comment 38623

By grassroots are the way forward (registered) | Posted March 09, 2010 at 12:42:54

Craig B: Not every liability has assets attached to it, so I would ask where did you get your training from.

ASSETS LESS LIABLITITIES EQUALS OWNERS EQUITY, ONE COULD IN BE A POSTIIVE OR NEGATIVE POSITION.

Just because someone is a business person does not mean that they actually have had training in accounting. In my travels, this is more true then false. Many people start businesses, yet never have had any formal training in bookkeeping or accounting and in fact, in the trade of accounting, we, have to fix the messes that many of the BUSINESS people start.

Comment edited by grassroots are the way forward on 2010-03-09 11:43:54

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