Cash flow
Income : - Income means those substantial benefits. Through which the person and his business's runing of life. Income gain from many means. Which I have described in the blog called 'Types of income'. If you read the 'Types of income' blog Click here
Expenses: - A person (family, company, organization etc.) or his business is the expense of the items in which his income is used for his livelihood. 'Robot' writes in his book that the increase in the income of the poor person will also increase his expenditure
Income and Expenses Cashflow
Increase in income increases the expenditure.
Liability: - Liability is defined by such property purchased by a person. From which the expenditure of that person increases. 'Robot kyosaki' writes in his book, that the liability is the one who does the job of extract money from the pocket of a person.
Cash flow of Liability
Assets (Samapatiya): - 'Robot Kyosaki' writes in his book. Assets are those, which bring money into the person's pocket. Or reduces its expenditure.
Cash flow of assets
Examples :-1 A person purchases a car for his personal use. In such a condition, that person car is an Liability. Because that car will spur in the person's expense.
2 If that person does any such work in which he needs a car, and he uses the rental car. If his personal car expenditure is less than 'Rental Car'. So in that position, they are Car Asset. Because they reduce the expenditure.
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