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Post by Mediolanum Shrew on Jan 19, 2004 17:43:05 GMT 1
As part of my Exce Diploma in Management I'm doing Finance and I have to do an assignment on a BALANCE SHEET. You can possibly understand why companies get into so much trouble. For instance, turnover on a balance sheet, can be called Credit Sales, Purchases, Cost of Sales . Why the FCUK don't they just call it turnover. Jesus. It's annoyed me more than JQ.
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Post by Pilch on Jan 19, 2004 17:45:51 GMT 1
i thought that said fiance for a minute
thought you had some news to share ;D
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Post by petetheloon on Jan 19, 2004 18:33:07 GMT 1
Balence sheets and profit and loss accounts are easy
just hope you don't move onto Economics and Quantative maths afterwards. they really mess your head up!!!
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siabodbangor97freeservecou
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Post by siabodbangor97freeservecou on Jan 19, 2004 19:28:51 GMT 1
Guess you are just starting from your comments, purchases included in your turnover figure ?,you pay VAT on the one, reclaim it on the other, call it what you like at the end of the day (or year in this case) there are 2 sides to every balance sheet. Sales and purchases have to remain as opposites. If you come up with a simple alternative would be delighted to know, would save me a few hundred each year.
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RATCLIFFESGHOSTHONESTLY
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Post by RATCLIFFESGHOSTHONESTLY on Jan 20, 2004 18:11:10 GMT 1
You never heard me say this (I am afterall an auditor) but with a good accountant at the helm the balance sheet is a work of art which can say anything the company wants it to say.
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