Submitted by QuestionKing123 t3_127udif in explainlikeimfive
Kap00m t1_jegh4it wrote
Reply to comment by brknsoul in Eli5 What does it mean to ‘balance the books’? by QuestionKing123
Not to be rude, but this is incorrect.
"Books" also include assets and liabilities, and assets an liabilities are neither income nor expenses. And balancing the books has nothing to do with ensuring income is equal to or exceeds expenses.
Viewing a single comment thread. View all comments