Fao 1971 ITFC scum chap. A lesson in accounting for you. Taken direct from ifrs website
Liabilities
On the balance sheet, accountants calculate liabilities along with equity to match all the assets a business has. While a shareholder loan may count as cash on the asset side of the balance sheet, it is debt - a liability on the other side, because the business MUST pay the loan back, usually at a particular INTEREST RATE. Equity, although counted with liabilities, does not obligate the business to pay back money as a loan does, so accountants separate the shareholder from the money the shareholder used to buy stock in the first place.
Hope this helps, shareholders loans are classed as debt.
Posted By: Tony Martin on April 19th 2014 at 21:34:36
Message Thread
- Fao 1971 ITFC scum chap. A lesson in accounting for you. Taken direct from ifrs website (General Chat) - Tony Martin, Apr 19, 21:34:36
- Exactly... If Marcus Evans doesn't want the cash back he could convert it to equity (General Chat) - phrankin, Apr 19, 21:36:24
- He can't afford to convert 80m to equity anyway. (n/m) (General Chat) - Tony Martin, Apr 19, 21:39:55
- Why even talk to that riff-raff? (General Chat) - talbotsunbeamer, Apr 19, 21:35:47
- Care in the community, they get let out on Saturday's. It's good to talk (n/m) (General Chat) - Hit Squadie, Apr 19, 21:38:14
- Participating (n/m) (General Chat) - 1978_1981, Apr 19, 21:36:04
- Hahahaha fuck me you need a life (n/m) (General Chat) - 1978_1981, Apr 19, 21:35:10
- your mum is over at 10 (n/m) (General Chat) - 1978_1981, Apr 19, 21:43:16
- Necrophiliac too I see (n/m) (General Chat) - Tony Martin, Apr 19, 21:44:25
- Haha says the scummer on a ncfc site at 9.36pm on a Saturday night. No mates to go out wit (n/m) (General Chat) - Tony Martin, Apr 19, 21:36:34
- your mum is over at 10 (n/m) (General Chat) - 1978_1981, Apr 19, 21:43:16
- Exactly... If Marcus Evans doesn't want the cash back he could convert it to equity (General Chat) - phrankin, Apr 19, 21:36:24
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