assets^(1/0)

Only assets generate value

The structure of accounting around the world rests upon five fundamental categories: assets, liabilities, equity, income, and expense. Every possible financial iteration may be represented by a transfer from one of these categories to another. Take out a $10,000 loan? Your assets increase by $10,000, and your liability to the bank increases by the same amount. Pay $1,000 off the loan? Your liabilities decrease to $9,000 and your equity grows by the same amount.…