What do court bailiffs have in common with accountants?

Today?s comic shows yet another application of core accounting rules in taxpayer?s daily life. The principle of double-sided entry applies everywhere. If someone loses in a crisis, someone else gains. If it rains somewhere, it is dry at another place. If one company has negative cash flows, another will have positive cash flows. If someone pays income tax, someone else is wasting it, and so on ...

Tags: cash flows indirect method cash flows from operating activities corporation tax

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