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If you take any personal financial classes, you will more than likely hear and be warned about keeping out of debt. For instance, Proverbs 22:7
If you take any personal financial classes, you will more than likely hear and be warned about keeping out of debt. For instance, Proverbs 22:7 says, "The rich rules over the poor, and the borrower is servant to the lender." Yet, from an accounting perspective, the balance sheet incorporates liabilities (debts) and is part of the accounting equation. If you wanted to run your business according to godly principles, how could you balance this with the idea of borrowing money to start a business or to grow a business?
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