Friday, October 07, 2022

Popular accounting terms - redefined

 Profit – A chief executive who gives the accountant the bottom-line.

Debtor – A high society fillies’ coming out trip.
Corporation Tax – A levy on people with large stomachs.
Turnover – The number of times customers are fooled into buying your product.
Budget – A caged bird that can fly through the sound barrier.
Expended – Exhausted from all that shopping.
Drawings – The creative art of taking money from your business.
Stock-take – Counting the number of items taken home from work without payment.
Book-keeping – Those books not given to the accountant.
Fixed Cost – Size of required bribe.
Cost Accounting – Size of accountants' bill.
Liability – A gift for telling the opposite of the truth without detection.
And finally –
Asset – A complete collection of posteriors.

With many thanks to Rod Wilson of RWA Ltd Accountants (Rod tells me that RWA = Really Wicked Accountants)

Songs that might have been about tax avoidance

Maybe these were the original titles of popular songs: April 6th Showers  Savin' All My Tax For Me  VAT's love got to do with it...