#1. ONE MUST KNOW THE DIFFERENCE BETWEEN AN ASSET AND LIABILITY... Every one of us wants to become rich, But In order to become rich, one should know the Real difference between an Asset or a liability. It's easy to Search the meaning of Asset but the Accountant must be much comfortable in learning its meaning. Then, What is an Asset? An Asset that Puts money into your Pocket. Let me Elaborate, We are fond of using iPhones as they increase the status in our social life and most of our Rich friends are too using it. The new iPhone X Which cost nearly Rs 100,000/- is breaking all the records is a dream for many of us. But for a Moment, If we realize that we are living in the world of technology and Every new Technology will become obsolete, one or the other days. In case, we have Purchased Vivo V9 which nearly cost Rs 23,000/- with an almost same feature we could have saved nearly Rs 77,000/-. Vivo V9 provide same Dual camera[16mp+5mp flash]
Every one of us wants to become rich, But In order to become rich, one should know the Real difference between an Asset or a liability.