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/biz/ - Business & Finance

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55159515 No.55159515 [Reply] [Original]

>people who haven't taken accounting 101 argue over what a liability is

>> No.55159549

>you have to go to school and pay money to people to understand basic concepts.

>> No.55159561

>no pay money for paper no opinion allowed

>> No.55159567

>>55159515
>people currently taking accounting 101 who just learned what a liability is skinner posting about people who haven't taken accounting 101 who argue over what a liability is

>> No.55159597
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55159597

>>55159515
Im the liability

>> No.55159638

>>55159515
That was the moat boring and stupid class I ever took and made me drop my business minor.
>on this t chart credit is plus debit is minus
>but on THIS t chart debit is plus credit is minus
It's not a wonder to me that that one dude just posts the word ">accountant" with the shriveled wojak every other day. What a grim existence.

>> No.55159899

>>55159515
>t. 90 IQ accounting degree holder

>> No.55160252

>>55159638
Double entry book keeping is pretty cool. That anon is not an anon. Just a bot that tries to apply bevarioism working for pennies and failing at his objective

>> No.55160449

>>55159515
What if I took it and failed it?

>> No.55160479

this really shouldnt be a joke thread.
people dont learn accounting and then they go off and think they can be informed citizens making correct economic choices.

and by people I mean 95% of people has 0 understanding of how business accounting works and yet they are 100% sure that capitalism, which is very explicit about costs and benefits is bad.

WHY CANT WE ALL BE SOCIALIST LIKE CHINA MAAAAAAAN?

>> No.55160485

>>55159638
>It's not a wonder to me that that one dude just posts the word ">accountant" with the shriveled wojak every other day. What a grim existence.
kek

>> No.55160551

My accountant lets me write off my brand new Toyota Crown as a business expense and faggots like OP squeal at the fact.

>> No.55160620

>>55159515
>what a liability is
Its whatever you want it to be
t. acct 101er

>> No.55161768
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55161768

>op tries to make an orginal thread
>op just sucks corporate cock

>> No.55162204
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55162204

>>55159515
I literally have VINU's blue dog as passive income, does that count or am I a master at being retarded?

>> No.55162701

>>55159515
Your liability is my asset. Now fucking pay me.

>> No.55163882

The accounting equation doesn't hold for the most importance balace sheet of all. The government's

>> No.55166281
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55166281

>> No.55166362
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55166362

>>55159515
>what a liability is

What Is a Liability?
A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services.

https://www.investopedia.com/terms/l/liability.asp

Seems accurate to me.

Simply said a liability is a future debit. End of the day accounting is just credits and debits between a list of accounts.

>> No.55166497

>OP who took accounting 101 makes thread about anons arguing over liability