Chinmay Ananda – Medium

Chinmay Ananda

How to Understand Profit & Loss Statement

The Profit & Loss statement is like a thermometer — It tells the temperature of the Business

5 min readNov 6, 2020

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How to Understand Profit & Loss Statement

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Chinmay Ananda

Understanding Debit & Credit

‘Debit’ and ‘Credit’ denotes two opposite effects of one transaction on two accounting heads.

4 min readNov 4, 2020

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Understanding Debit & Credit

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Chinmay Ananda

Understanding Balance Sheets

Balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity.

4 min readOct 27, 2020

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Understanding Balance Sheets

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Chinmay Ananda

The Difference between Profit & Money

They do not use the word “loss”, they call it negative profit.

6 min readOct 22, 2020

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The Difference between Profit & Money

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Chinmay Ananda

The difference between Finance & Accounting

You should know that Finance starts when Accounting ends!

3 min readOct 20, 2020

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Image of stock market prices

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Chinmay Ananda

Who is the Finance Person in your Business?

The one question you must ask yourself as a businessperson — Am I the decision maker?

3 min readOct 15, 2020

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A game of Chess

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Chinmay Ananda

Four Things Every Business Owner Should Know

There are only two rules in business - Rule #1: Always earn more than you spend. Rule #2: Never forget rule #1.

3 min readOct 12, 2020

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Business Attire

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Chinmay Ananda

Chinmay Ananda

I teach entrepreneurship at RMIT, Melbourne. Trained over 950 biz owners in Australia, India, China & Indonesia. National treasurer @ PSA: financeacademy.com.au

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