msaadat

6 ms·

1. 1.▲
   by msaadat 9mo ago

   The "double entry" stems from the fundamental accounting equation: assets = liabilities + equity. Whatever you have is either yours or borrowed. Change in one must have an equal change in the other to keep the equation balanced, o
2. 2.▲
   by msaadat 5y ago

   > By burning the working class’ money, the ruling class and wealthy class end up with a larger piece of the overall pie. It’s ingenious. Evil, but ingenious. The arguments in the article would have carried more weight without the loaded
3. 3.▲
   by msaadat 6y ago

   Accountant here. This article is just wrong. You could memorize debit/credit rules but when dealing with non-finance persons, I avoid mentioning debit/credit as it gets confusing and generally its not needed anyway. Here's ho
4. 4.▲
   by msaadat 6y ago

   This isn't about nicknames, its about cultural differences.
5. 5.▲
   by msaadat 7y ago

   Graph seems to be FPS