Some will certainly remain, but even those aren’t necessarily long-game friendships. Sobriety is kind of like the fast-pass line at Disneyland, except the ride is growing up. So if all of your friends drink alongside you, then there’s no issue, right? Well, there’s a concept in psychology known as “confirmation bias,” and it means that…
Monthly Archives: Nov 2020
The store has agreed to sell you these items on credit, with the bill due within 30 days of the invoice date. Notice that we have an account accounts receivable vs payable called sales discounts and allowances. This account is a contra account that goes against sales revenue on the income statement. This lowers the…