4 ms·
It seems like you’re in a black and white world. Look up what asset means - it’s more than just antonym to liability.
by sombremesa 5y ago
It seems like you’re in a black and white world. Look up what asset means - it’s more than just antonym to liability.
- MispelledToyota 5y agoThe whole point of accounting is to force black and white distinctions, especially in ambiguous situations. But in fact there is no ambiguity about this. Owing someone money doesn't earn you money. Owning an asset that you may have acquired with a loan is what earns you money.
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