"Assets are what you own", "Liabilities are what you owe", "Capital, or owners’ equity, is the difference between what you own and what you owe". It's been almost a decade since I first learned about these accounting concepts. As you know, I took up Commerce in college so accounting subjects were part of our curriculum. Unfortunately, Accounting became my waterloo so I concentrated on Business Administration on my majoring year. I initially dreamed of becoming a CPA and working for a partnership like Las Vegas Quickbooks Accounting Firm but fate has other plans for me. But who knows, in the future, I can still pursue my education and my CPA dream could be rejuvenated. And who further knows, I might find myself working on general ledgers and t-accounts of well-known companies from Homeowner Associations, Casinos/Gaming, Contractors, Developers and Retail/Convenience Stores industries.
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