A Credit Transaction Credit: Buy Now .... Pay later.... The secret is simple ... follow the money We begin with a position at the start of the reporting period Your Balance Sheet. What you Own minus What You OWE is What Your'e WORTH You then sell product or buy in stock both on Credit: "Buy Now .... Pay later...." How does that effect your Profit & Loss statement? Here’s the deal.. You Buy 1 pen at $5 You pay your supplier
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