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To: Louis V. Lambrecht who wrote (11745)12/9/2001 4:47:35 PM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
>>OTOH, your cash deposit is booked as an asset: "cash" ...<< plus as something on the "liabilities" side (there's always two sides to the coin g). Which is one of the reasons for the misery of Japanese banks - wherever you look, just deposits, aka liabilities, but no loans aka assets -.

dj



To: Louis V. Lambrecht who wrote (11745)12/9/2001 7:39:51 PM
From: Ilaine  Read Replies (2) | Respond to of 74559
 
Double entry book-keeping has always boggled my mind. I tried to take an intro accounting class three times but had to give up every time. To me, an asset is something that belongs to you and a liability is something you owe to someone else.

Next semester I am going to try again, only as an economics class, "Money and Banking." It might finally stick, or it might not. :)


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