Friday, January 29, 2016

What happens when you make a mistake?

A doctor's mistake is buried,
A lawyer's mistake is imprisoned,
A pharmacist's mistake is poisoned,
But, an accountant's mistake is...
....adjusted, corrected and reconciled!

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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...