InvestorsHub Logo
Followers 274
Posts 32167
Boards Moderated 0
Alias Born 02/14/2014

Re: wadirum1 post# 72634

Friday, 03/13/2020 1:58:23 PM

Friday, March 13, 2020 1:58:23 PM

Post# of 79337
Where are the financials? I could use a laugh.

You cannot have revenue without assets, the basic foundation of accounting is that assets generate revenue and double entry accounting is as basic as it gets.

So when revenue gets booked you sell something, Credit revenue and debit Accounts receivables which is an asset.