Assets and Liabilities
Link: http://www.avc.com/a_vc/2010/03/the-balance-sheet.html
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In Fred's continuing series on accounting, a sort of mini-MBA course, he uses this article to point you to the Balance Sheet, which is basically a report on your assets and liabilities, and as Fred points out, they need to balance. Ah, but balancing it, that's the entrepreneur art.
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