In other words, the balance sheet must balance. Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry bookkeeping is that total assets (what a ...

Peter Lynch, the esteemed investor and ex-manager of the Magellan Fund, has shed light on his investment philosophy.

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

If you prefer a more hands-on approach to money management, you may be interested in how to balance your checkbook. Here’s a ...