#Ledger

A liability is the ledger’s lurking ghost on the balance sheet’s backside. While profits parade in the spotlight, it saps capital with stealthy inevitability. It spreads dread through cold numerical declarations and quietly enforces promises called repayment. Theoretically a sign of funding, in reality it’s a collar on the future. No matter how eloquently described, what remains is the question: “Can you repay it?”