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For liabilities, assume only two accounts: notes payable for dollars borrowed by the firm and accounts payable for amounts owed to suppliers.
Michael P. Griffin • MBA Fundamentals Accounting and Finance (Kaplan Test Prep)
finance
Jan • 1 card
33/50: Find a great accounting person as soon as possible. Review all cash out and all cash in, regularly. Understand basic accounting (3 statements), and cash flow management. Know what working capital is.
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Jesse Pujjix.comThe central relationship that money crystallizes is between lender and borrower.
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
Alternative Financing
sari and • 7 cards
Finance
Jennifer • 1 card
Statistically speaking, being in debt is “normal.” And yet, think about it: Is it really normal to owe more than you have? Maybe for certain things, like a house or an education, but what about for random purchases on a credit card?