[Linux-aus] [LACTTE] That "Close Of Partnrship" transaction in AGM the Income Statement

Jonathan Woithe jwoithe at just42.net
Thu Jan 25 00:12:27 AEDT 2018

Hi Russel

On Wed, Jan 24, 2018 at 09:57:26AM +1000, Russell Stuart via linux-aus wrote:
> At the AGM a query was raised over this line in the Income Statement
> attached to the Committee's report to members:
>     Close of partnership       $19,923
> I said at the AGM that expense was entered by the Auditor to offset an
> asset in the balance sheet, but I didn't understand the reason he did
> it.  I undertook to find out why and report back to this list.  This is
> me reporting back.
> Once sentence version :
>     The transaction is the (delayed) appearance in the P&L of a GST
>     payment to the Australian Tax Office for Gov Hack transactions in
>     the Jul..Sep 2016 period.
> Technical version :
>     :

Thank you for taking the time to track down and communicate these details to
the members.

Things like this remind me why I never wanted to be an accountant. :-)


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