Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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synergia wrote:chiaroscuro wrote:dunkang wrote:Obi 1 Kanobi wrote:The implication of Deloitte looks to me to be more of an attempt to side step the major problems CMC is facing.
Its either you work at Delloite or an auditor with similar behaviours to Delloite. How on earth can a sold car appear in the 'stock list' and in the 'sold list'. i.e. there was exaggeration here. From my Wanjiku's point of understanding, my wife paid for sukuma wiki ya 20/- from mama mboga kiosk, then i appear in the house with Matumbo, and order my wife not to cook Kales in my house. Then, during mama mboga's after sales audits, the ordered mboga is again counted as stock, yet 20/- has been credited by my wife! Mama Mboga's 'End of year results' are announced with my wife's sukuma wiki and 20/-. What will happen when my Pesa ya matumbo gets depleted. Where will mama mboga get 20/-, Right's Issue or go bankrupt! Disclaimer: The reader is advised to understand since the author is 'a wanjiku'! What happens when your wife pays for the kales but does not collect them? Aren't they still part of mama mboga's stock? @chiaroscuro Stock held on behalf of third parties is separately identified and accounted for this should be credited and removed from the company's stock in this case mama Mboga is a third party. LIABILITIES: Advance payments for uncollected goods?
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