The Mudcat Café TM
Thread #165570   Message #3998511
Posted By: Dave the Gnome
30-Jun-19 - 07:55 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
It's not just profit and loss in business though, Stanron. The balance sheet showing your assets and liabilities is just as important. If you buy something it may be a consumable or it may be capital expenditure, in which case your assets increase. Trading "deficits" are also affected by this.