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People buying Liabilities...Bad Debts ๐
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Day 9 About Basic Finance and Accounting Concepts Here's Some New Concepts 2. Non-Current (Long-Term) Liabilities Non-current liabilities are long-term debts that are due beyond one year. These are generally used to fund large purchases or investme
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Day 8 About Basic Finance and Accounting Concepts Here's Some New Concepts In finance, Liabilities represent obligations or debts that an individual or organization owes to others. They indicate an outflow of resources, either cash or services, that
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Day 10 About Basic Finance and Accounting Concepts Here's Some New Concepts 3. Contingent Liabilities Contingent liabilities are potential obligations that may arise depending on the outcome of a future event. These liabilities are not always guar
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Have you read the book "Rich Dad, Poor Dad" written by "Robert Kiyosaki" . he is a genius. He admitted to having more than $1.2 billion in debt ๐คฏ. you might have watched his yt Shorts claiming that. He views this debt as a strategic move and a par
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