How much money is in the club funds?

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Busto
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Joined: Sat Jun 14, 2008 6:59 pm

How much money is in the club funds?

Post by Busto »

It was mentioned at the club party that we have $30,000.00.

Is that counting the $25,000.00 we borrowed?
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gregangsten
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Joined: Thu Jun 02, 2005 11:22 am
Location: Westchester

money

Post by gregangsten »

Yes.
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Busto
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Post by Busto »

Thank you.

So a clearer picture is we have $5,000.00 and we owe $25,000.00 at a low percentage.

That's different than we have $30,000.00
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Don
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Joined: Thu May 12, 2005 8:58 am

assets versus liabilities

Post by Don »

Cash is an asset
Loans are liabilities
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