Business finance: The ultimate guide for non-finance people
BMT Office Administration
JUNE 26, 2023
A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts. Your total equity.
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