It's not surprising to me that more companies don't burn up in a fiery cash tornado. I am currently fighting my way through a financial accounting book in hopes that maybe I can make some of it make sense. Why does it have to be so complicated?
There is revenue, expenses, debits, credits!
Each translucent and and bound in a spongy mess.
Adjusting entries that remake mistakes
Covered up net income can be shuffled
All that matters is the bottom line,
how we got there and the mistakes made along the way
are just filler for the annual report.
Accounting for monies made and monies spent is hard than it seems, figuring out when to add and subtract seems to be the hardest part. A debit can both be added and subtracted depending on the circumstances. Wouldn't it be easier to keep a debit as a minus and a credit as an addition? Why mix the easily definable?
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lets pretend it's still 1983
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