You’ll need to take a look at your profit and loss and balance sheet together—although a company may show a profit on the profit and loss statement, the balance sheet might tell a different story. Since the balance sheet is founded on the principles of the...
And if you’re consistently seeing a discrepancy in accounts receivable between your balance sheet and your bank, you know you have a deeper issue to fix. In huge companies with full-time accountants, there’s always someone checking to make sure every number checks out, and that...
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