| Subject: | Re: [socialcredit] The Rabbit | | Date: | Thursday, April 21, 2005 22:23:58 (+0930) | | From: | John Hermann <hermann @............au>
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| In reply to: | Message 1009 (written by Vic Bridger) |
At 04:54 PM 21/04/2005 +1000, Vic Bridger wrote:
>Absolutely correct. Any balance sheet of any business
>will show that capital is a liability.
>Vic Bridger
Hi Vic and Bill,
Thanks for pointing out my error (in stating that capital is
conventionally an asset).
I realize that capital will be seen as a liability if
investors/shareholders are regarded
as separate entities from "the business". But I also think it is
legitimate to regard
investors/shareholders as an essential part of the corporate structure, and
from this
point of view capital may be interpreted an asset.
However I am more interested in your views about the conclusions that may be
drawn from using the accountancy equation to analyze banking operations.
John Hermann
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