Friday, April 18, 2008

About UBS’s balance sheet:

On the left side there is nothing right, and on the right side there is nothing left...



Thanks to Nadina Wallis at www.clipperaccounting.co.uk for that.

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A dozen laws of accountancy that weren't covered in your studies

Trial balances don’t. (Not always, anyway) Working capital does not. (Work, that is) Liquidity tends to run out. (Faster than you thin...