So today we will be learning accounting, known as the language of business.
I'm like the only one here but okay.. I know an Asset is something of value, and a transaction is an activity that affects the financial condition of the business cause I'm really smart and all.
Well aren't you special... Read pages 1-100 for homework tonight you will be tested tomorrow. Feeling smart now? HA!
Fine! Maybe ill learn about balance sheets and income statements, my parents talk about them all the time cause they are really smart accountants.
Oh cool! The Fiscal Year is any conservative 12 month period! I'm also learning that a Net Income is when revenue is greater then expenses and Net Loss is when expenses are greater then revenue. Reading is so fun!!