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Thursday, February 3, 2011
IDENTIFY THE ACCOUNTING TECHNIQUE
I am a businessman,running a public company in USA. My sales and profit vary a lot but my wife does not understand it and keeps spending. To manage this I tell her some expenses which have not occurred during high profit years and use this to manage loss occurring years. But I am not allowed to use this for reporting purposes. Sunbeam has used the same technique. Which accounting technique are we talking about?