Laws of Accounting

Author: Milan / Labels: , , ,

1. Trial balances don’t
2. Working Capital does not
3. Bank reconciliations never do
4. Liquidity tends to run out
5. Return on investments never will
6. Bottom line is only the tip of the iceberg.
7. If you need accounting to prove it, it was probably not true in the first place
8. There is nothing more permanent than a temporary account
9. An accountant is a man hired to explain that you did not make the money you did
10. Accounting is economics without assumptions
11. Obviously accounting pays, otherwise there would be no accountants.

0 comments:

Post a Comment