SOLUTION: If a worker quits his job making 1000 a month to pursue another job and only makes 900 on the new job the first month, is the 1000 he used to make counted as a liability or deducte

SOLUTION: If a worker quits his job making 1000 a month to pursue another job and only makes 900 on the new job the first month, is the 1000 he used to make counted as a liability or deducte

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Question 861774: If a worker quits his job making 1000 a month to pursue another job and only makes 900 on the new job the first month, is the 1000 he used to make counted as a liability or deducted as an expense on business balance,income, etc sheets? In accounting practices will the worker show a 100 decrease in earnings?
Thank you
Ray
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
It could be a business loss due to stupidity similar to gambling.

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