Say what?
Who taught the course...Army personnel? No wonder you flunked.
Up here that would be considered a payable (liability).

John H wrote in message
...
Accounting?

Hee, hee! Yup. I took only one course. That was enough. I could never
figure out how if you owed someone money that was an asset. I thought
the whole course was backwards.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

Maybe it's an asset in some companies because you can sell the debt to
another firm and MAKE money on it. Like mortgages. :-)

"Don White" wrote in message
...
Say what?
Who taught the course...Army personnel? No wonder you flunked.
Up here that would be considered a payable (liability).

John H wrote in message
...
Accounting?

Hee, hee! Yup. I took only one course. That was enough. I could never
figure out how if you owed someone money that was an asset. I thought
the whole course was backwards.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

I think that would be when a third party owes a debt to you.
That would be an asset and some companies do sell the 'note' to another
party for immediate cash.
Then again... the crazy Americans do things differently...so my thinking may
not match what happens south of the border.

Doug Kanter wrote in message
...
Maybe it's an asset in some companies because you can sell the debt to
another firm and MAKE money on it. Like mortgages. :-)

We bottle water and call it beer. It's a huge industry here. :-) Luckily,
where I live, Molson is cheaper than the domestic tripe. Even better: I've
come back from Canada several times with WAY more beer than we're supposed
to have. In all instances, I've been honest with the customs guys, and they
always just wave me through. Beer is the common denominator of international
understanding.

"Don White" wrote in message
...
I think that would be when a third party owes a debt to you.
That would be an asset and some companies do sell the 'note' to another
party for immediate cash.
Then again... the crazy Americans do things differently...so my thinking
may
not match what happens south of the border.

Doug Kanter wrote in message
...
Maybe it's an asset in some companies because you can sell the debt to
another firm and MAKE money on it. Like mortgages. :-)

On Tue, 03 Feb 2004 20:02:18 GMT, "Doug Kanter"
wrote:

Maybe it's an asset in some companies because you can sell the debt to
another firm and MAKE money on it. Like mortgages. :-)

"Don White" wrote in message
...
Say what?
Who taught the course...Army personnel? No wonder you flunked.
Up here that would be considered a payable (liability).

John H wrote in message
...
Accounting?

Hee, hee! Yup. I took only one course. That was enough. I could never
figure out how if you owed someone money that was an asset. I thought
the whole course was backwards.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

See! It's that kind of talk I'm talking about. Ridiculous stuff. I'll
stick with algebra.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

On Tue, 03 Feb 2004 20:00:25 GMT, "Don White"
wrote:

Say what?
Who taught the course...Army personnel? No wonder you flunked.
Up here that would be considered a payable (liability).

John H wrote in message
.. .
Accounting?

Hee, hee! Yup. I took only one course. That was enough. I could never
figure out how if you owed someone money that was an asset. I thought
the whole course was backwards.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

As a matter of fact, the 25th Infantry Division had an education
center at Cu Chi. I signed up for an accounting course, taught by an
Army officer! I was able to attend only about three classes over the
three month period (once a week night classes), so maybe I missed out
on some helpful stuff. In any case, I somehow passed the final exam,
which obviously couldn't have been too difficult.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!