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06/18/08 - The Three Laws Of Accounting

Accounting has three inviolable laws:
  1. Your books must balance
  2. All the books must balance
  3. The books aren't going to balance themselves
If these look familiar, they are based on the three laws of thermodynamics, except with the second and third laws in reverse order:
  1. You can't win
  2. You can't break even
  3. You can't get out of the game

Keywords: science