Ep3. Accounting
One of the business equation is asset = liabilities+equity
It's one the oldest business rule.
- Asset itself is everything that runs the business
- Liabilities is everything you owe from other
- Equity is the leftover from asset - liabilities
Spreadsheets one of the golden tool in accounting. It is the power that numbers that are in it.
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The free MBA, I suggest listening to the podcast. There's a lot of real life example that gives more clarity to the context.
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