The issue of continual losses and depleted capital: Central Bank still misses the main point
Monday, 25 May 2015
A parable from accounting teachers
Accounting teachers are used to relating a story to their students when they are introduced to the concept of profit in an organisation. The objective is to show them that ultimate profits of a business are not found in the profit and loss statements but somewhere else in the balance sheet. The story goes as follows:
Monday, 25 May 2015A parable from accounting teachersAccounting teachers are used to relating a story to their students when they are introduced to the concept of profit in an organisation. The objective is to show them that ultimate profits of a business are not found in the profit and loss statements but somewhere else in the balance sheet. The story goes as follows:
