We have audited the balance sheet
and say in our report
that cash is overstated,
the cashier being short.
The customer receivables
are very much past due,
and if there are some good ones
they are very, very few.
Inventories are outdated
and principally junk,
and the method of their pricing
is very largely bunk.
So, according to our figures
the undertaking's wrecked,
but, subject to these comments,
the balance sheet's correct.
that cash is overstated,
the cashier being short.
The customer receivables
are very much past due,
and if there are some good ones
they are very, very few.
Inventories are outdated
and principally junk,
and the method of their pricing
is very largely bunk.
So, according to our figures
the undertaking's wrecked,
but, subject to these comments,
the balance sheet's correct.
Origin unknown. Reported on TaxLetter website
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