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Auditors view on Lehman Brothers

Rahul (CA Practice ) (1818 Points)

31 October 2008

AUDITORS REPORT ON LEHMAN BROTHERS.

ON THE LEFT HAND SIDE OF BALANCE SHEET NOTHING IS RIGHT AND ON THE RIGHT HAND SIDE OF THE BALANCE SHEET NOTHING IS LEFT.

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6 Replies

CA Abhash Mishra (Chartered Accountants) (598 Points)
Replied 31 October 2008

Originally posted by :Rahul
"	AUDITORS REPORT ON LEHMAN BROTHERS. ON THE LEFT HAND SIDE OF BALANCE SHEET NOTHING IS RIGHT AND ON THE RIGHT HAND SIDE OF THE BALANCE SHEET NOTHING IS LEFT.	"

WHAT IS YOUR LEFT RITE I COULD NOT UNDERSTAND.

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S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 31 October 2008

To avoid this comment perhaps most people have changed over to Vertical form

CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 31 October 2008

Originally posted by :Rahul

Hello....what you want to say

AUDITORS REPORT ON LEHMAN BROTHERS.
ON THE LEFT HAND SIDE OF BALANCE SHEET NOTHING IS RIGHT AND ON THE RIGHT HAND SIDE OF THE BALANCE SHEET NOTHING IS LEFT.

CA.Ankit Juneja (Assisstant manager - Accounts in a UK Based MNC) (189 Points)
Replied 31 October 2008

Arre bhai aasaan toh hai....... "Balance sheet ke right side yaani Liab side pe kuch bhe theek(right) nahi hai aur balance sheet ke left side yaani assets side me kuch bacha nahi hai ( Nothing is left)"

Jeet Biswas (ACMA (in Service)) (5073 Points)
Replied 01 November 2008

Originally posted by :ANKIT
"	Arre bhai aasaan toh hai....... "Balance sheet ke right side yaani Liab side pe kuch bhe theek(right) nahi hai aur balance sheet ke left side yaani assets side me kuch bacha nahi hai ( Nothing is left)"	"

wow ankit, u hv totally changed the way a B/S looks.....