03-29-2004, 03:26 AM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
How is it possible in double entry that a company`s liabilities exceeds its assets?
There is a will there is a way.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Liabilities CAN exceed assets and it has nothing to do with the theory of double entry.
How is it possible in double entry that a company`s liabilities exceeds its assets?
There is a will there is a way.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Liabilities CAN exceed assets and it has nothing to do with the theory of double entry.