News Focus
News Focus
icon url

SeattleITguy

08/05/19 7:04 PM

#69416 RE: Greed Kills #69415

An agreement is not an asset. The company I work for went into a major partnership agreement with another company in our industry over a year ago, and I can guarantee you that the partnership doesn’t show up as an asset on the P&L or Balance Sheet.

Perhaps you can clarify what you mean by asset? Because in terms of accounting and book-keeping, what you’re portraying as an asset is not an asset at all.