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Anil Lamba
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“A Balance Sheet is a static document.
On the other hand, a Funds-Flow Statement spans a period of time.”
― Romancing The Balance Sheet
On the other hand, a Funds-Flow Statement spans a period of time.”
― Romancing The Balance Sheet
“Successful businesses, therefore, stand on two pillars. Pillar number one: the ability to generate profit. Pillar number two: the ability to effectively manage cash flow.”
― Romancing The Balance Sheet
― Romancing The Balance Sheet
“Although while speaking and writing many of us use the words expense and expenditure interchangeably, in accounting they have separate meanings. Expenditure refers to spending, or the outflow of money. We have seen that when money is spent, we either incur an expense or we create an asset.
This makes expenditure broader in scope than expense.
Expenditure encompasses both expenses and assets.
If you thought I had made a loss you probably calculated Profit as Income minus Expenditure instead of Income minus Expense!”
― Romancing The Balance Sheet
This makes expenditure broader in scope than expense.
Expenditure encompasses both expenses and assets.
If you thought I had made a loss you probably calculated Profit as Income minus Expenditure instead of Income minus Expense!”
― Romancing The Balance Sheet
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