Friday, December 13, 2013

You know you've been talking about work too much when....

The accountant had just read the story of Cinderella to his four-year-old daughter for the first time.

The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach.

Suddenly she piped up, "Daddy, when the pumpkin turned into a coach, would that be classed as income or a capital gain?"

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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...