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To: RightWhale

Bookkeeping is two simple math equations.

1. Assets minus liabilities = equity.
2. Income = current year equity minus prior year equity

The rest is terminology.

Audits are like a cake recipe where the evidence and statistics vary based on the cake and the baker.


94 posted on 07/17/2008 6:50:46 PM PDT by Raycpa
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To: Raycpa
The rest is terminology.

The rest is utterly foreign to any known natural language.

127 posted on 07/18/2008 7:48:27 AM PDT by RightWhale (I will veto each and every beer)
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