COMPANIES' BALANCE-SHEETS.
STANDARDISATION URGED. That many balance-sheets published by dairy companies were indecipherable and ,conveyed very little information, was the subject of a brief discussion at the meeting of the N.Z.C.D.C. suppliers' committees at Waitoa last week. Mr. J. P. Jensen raised alaugh when he mentioned a definition (given once by Mr. F. W. Walters) of the special qualifications of a good dairy company secretary. A good man, he said, was one who could make out a balance-sheet which no one could understand. Some of the dairy company secretaries, he said, were very clever, and he knew one, who had beaten a Jewish proprietary concern for £I7OO, " and that takes some doing," he concluded, with an accompaniment of loud laughter. '" It is absolutely impossible to get to the bottom of some dairy companies' balance-sheets," declared Mr. A. J. Sinclair (general manager). Until the Government enforced a standardisation of balance-sheets they would always have that difficulty.
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Matamata Record, Volume VII, Issue 580, 10 November 1924, Page 6
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155COMPANIES' BALANCE-SHEETS. Matamata Record, Volume VII, Issue 580, 10 November 1924, Page 6
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