Monday, July 16, 2007

Laws of accountancy

1. Trial balances don’t
2. Working Capital does not
3. Liquidity tends to run out
4. Return on investments never will
5. Bottom line is only the tip of the iceberg.

No comments:

How to persuade the taxman your dog is a tax deductible business expense

Many years ago a publican had a meeting with a tax inspector in his pub. The publican had been claiming tax relief in respect the upkeep of ...