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Re: space1230 post# 151588

Thursday, 10/29/2015 1:54:15 PM

Thursday, October 29, 2015 1:54:15 PM

Post# of 187251
A balance sheet should show the bank name if there is indeed money in an account. Putting the name of the entity who supposedly paid the $ 1 million is bizarre.

If I were doing a personal balance sheet and listed "GRANNY $ 50" because that's what she gave me for Christmas that would make no sense either. It might show "In Mattress" or "In Piggy Bank" or "behind sofa cushions" but it wouldn't show GRANNY.

No accountant (or accounting student) would show that that balance sheet shows.

Those documents were prepared by someone who isn't qualified so anyone who relies on those documents should tread very carefully.