ABS a.b.c. learning centres limited

administrator says abc learning owes $1.6bn, page-6

  1. 92 Posts.
    In accounting method (double entry system) sales/profit is on the same side as as liabilities. Therefore shifting liabilites account to sales/profit account will serve two purposes : make the sales figure higher and liabilities look so much smaller. I hope my explanation makes sense.
 
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