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brknsoul t1_jefvvh6 wrote

The "books", in regards to a business is simply a ledger of income and expenses.

Balancing the books simply means to add up all the income and expenses, and to ensure that the income meets or exceeds the expenses.

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Kap00m t1_jegh4it wrote

Not to be rude, but this is incorrect.

"Books" also include assets and liabilities, and assets an liabilities are neither income nor expenses. And balancing the books has nothing to do with ensuring income is equal to or exceeds expenses.

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