Views : 29,815
Genre: Entertainment
Date of upload: Sep 4, 2021 ^^
Rating : 4.759 (44/685 LTDR)
RYD date created : 2022-01-24T07:11:04.040943Z
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Top Comments of this video!! :3
The top part of the diagram is an Income Statement, often called a
Profit-and-Loss Statement. It measures income and expenses: money in and
money out. The lower part of the diagram is a Balance Sheet. Itās called that
because itās supposed to balance assets against liabilities. Many financial
novices do not know the relationship between the LAGOS CITY Income Statement and the
Balance Sheet, and it is vital to understand that relationship.
So as I said earlier, my rich dad simply told two young boys that āassets
put money in your pocket.ā Nice, simple, and usable.
This is the cash-flow pattern of a liability:
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I made it to 8:31. A little on the anemic side for details. Iām looking for info that is not on a Google search.
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@LivinginNorthernVirginia
2 years ago
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