Archive for the ‘Understanding Accounting’ Category

The Three Questions

Posted on September 19th, 2007 by by admin

Every business asks three key questions:
• How much money came in?
• Where did the money go?
• How much money is left?
The answer to each question can come only from the practice known as accounting. Like other practices such as medicine and law, accounting has its own vocabulary. In many ways, accounting is the language [...]