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Liabilities aren’t negative in financial accounting, they’re leverage for the business that carry obligations, exactly like code.
by camjohnson26 4y ago
Liabilities aren’t negative in financial accounting, they’re leverage for the business that carry obligations, exactly like code.
- cmeacham98 4y agoLeverage is a combination of an asset and a liability. You gain assets in the short term in exchange for a long term liability. There is a difference between code and a liability. If a business could wave a magic wand and instantly remove all liabilities from the balance sheet, it would do so without question. They would not, however, do that for code (or the business would collapse).