June 11th, 2008
Credit Cards, so that they do not become a heavy burden (you can end up paying as much as 30% on interest & penalties), have to be managed just like any regular bank loan.
It is important to keep a proper mindset. Do not think of your credit cards as additional cash in your wallet. […]
By ren -- 3 comments
November 25th, 2007
Considering the case of an individual or household with no financial or physical Earning Assets, whose only Earning Assets are Manhours, where the Salaries or Professional Fees have related Direct Costs which do not leave sufficient Cash to meet Expenses:
What are the possible options for solving the financial problem?
The options start with your Manhours, your […]
By ren -- 0 comments
November 6th, 2007
Having spent posts 1 through 31 in understanding accounting talk, of what use is all this accounting talk?
At the end of the day, what accounting does is: it measures wealth and talks about how income creates wealth.
There is a world of difference between wealth and income. It is easy to confuse the two. […]
By ren -- 4 comments
November 2nd, 2007
In a majority of enterprises (whether large corporations or small businesses), the proceeds from Sales are usually received partially in Cash. The balance comes in the form of a promise to pay in the near future, usually within 30 to 90 days. This balance is booked as Accounts Receivable.
In a trading, merchandising or […]
By ren -- 0 comments
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