this post was submitted on 16 Jun 2026
110 points (100.0% liked)

Technology

85492 readers
3698 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] dhork@lemmy.world 11 points 13 hours ago* (last edited 13 hours ago) (1 children)

That's quite easy, the books are balanced, there are just more debits than credits. "Balancing the books" doesn't mean that the net result is zero, it means that all the money going in and going out is accounted for.

OpenAI can keep bleeding money as long as there are fools willing to fund it in exchange for the illusion of future profits.

[–] uninvitedguest@piefed.ca 1 points 10 hours ago (1 children)

You can't have balanced books where there are more debits than credits. That would be out of balance.

Balanced means debits = credits.

[–] dhork@lemmy.world 5 points 9 hours ago (1 children)

I'm not an accountant, but you can certainly balance books while showing a loss. Double-entry bookkeeping simply means that every transaction has two parts, and "balancing" simply means that all the transactions cancel out properly.

I joke with my accountant friends that their entire job is counting to zero.

[–] uninvitedguest@piefed.ca 2 points 9 hours ago (1 children)

A loss is not an imbalance of debits and credits, but how much of those debits end up in expenses and the credits end up in revenue.

DR Expense $1,000
CR Cash $1,000

With no other activity in a period, that is a $1,000 loss funded by cash.

DR Expense $1,000
CR Loan $1,000

Is a loss funded by borrowings.

DR Sales Discounts $1,000
CR Sales Revenue $1,000

Is 0 profit/expense as the sale was marked down to 0 (assuming no cost of sales).

[–] dhork@lemmy.world 3 points 8 hours ago (1 children)

Exactly. My terminology might not be correct, but my point is that their books can be perfectly balanced, and they can also be losing a shit-ton of money, as long as investors keep shoveling money in.

[–] uninvitedguest@piefed.ca 2 points 7 hours ago

Yeah the terminology

the books are balanced, there are just more debits than credits

is the opposite of everything discussed above.