Accounting 101


There was once an accounting firm where the senior CPA knew everything there was to know about accounting. He could answer any question. He knew all the tax laws. There wasn’t a better accountant anywhere.

Every morning when he came to work, he would unlock his desk drawer, open it up and look inside for a moment, and then close and lock it again. This puzzled all of his co-workers, because it was the only eccentricity that this genius exhibited. For years no one dared to breach etiquette and snoop through his desk, but his odd behavior became something of a legend around the office.

One day when the elderly man was home sick, one junior accountant could control himself no longer. Taking a letter opener he carefully pried open the desk lock. Inside he found one sheet of paper, and written in large letters was:

“DEBITS ON THE LEFT…CREDITS ON THE RIGHT”

It would appear from today’s headlines that someone moved the debits to the right side and hoped that credits would appear on the left. Of course it was the left side of the political aisle that wanted all these credits given to those who were on the left with them.

Unethical people led this parade down ruin street, keep marching along and you will get more of the same.

NO money down, no interest until the twelve of never, and 0% financing looked good on the front end but how does it look now?

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