Re: Moving company bank money around...

In message <u4d633p4vrbfbig3j2t9odu2cr11lr3ejs@xxxxxxx>, Peter Saxton <peter@xxxxxxxxxxxxxxxxx> writes
On Sat, 28 Apr 2007 12:08:31 +0100, "Tim" <me@xxxxxxx> wrote:


It is constantly "due to" be paid to the shareholders - but
if you think not, then *who* do you think it is owed to?

You are not talking sense (like the bank reconciliation issue you have
avoided). Why should someone be owed money? I have money in my wallet
now. Nobody is owed it.

So, if a 'company' has money (profit) in its wallet it is not owed to anyone?

Back to basics, Peter. A company cannot 'own' money - it is merely a vehicle for adding value to the shareholders capital.
--
Keith replace nospam with ilf0rd
.

Relevant Pages

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