Ah, the joys of teaching . . .

Water Cooler
#1

I’m grading first-semester accounting quizzes today and one of the students came up with a new account, one of which I’d never heard before: Account Placebo :wink: (No, you don’t get extra credit for figuring out what he really meant.)

#2

Damned autocorrect!

Since I am not foregoing any extra credit, did he mean Receivable or Payable or something else?

#3

http://placebo.com.au/order/

Hey, there’s money in them thar placebos!!! Who’da thunk???

#4

Receivable, I suspect.

(It doesn’t really matter: the answer wasn’t remotely correct no matter what he meant.)

#5

http://www.gocomics.com/shoe/2011/11/28

#6

Ever have to sign someone’s prison release form?

#7

Account placebo = suspense account (?) = an account used for psychological effect but has no real meaning.

Do you still use T accounts in first semester accounting?

#8

^I don’t think T-accounts will ever go away. To put it in SAT-speak,

T-Accounts:accounting :: Drawing a timeline:finance

#9

Oh Cali?

#10

Yes.

#11

I hate accounting

#12

Around the corner from the barn where we keep the horses lives a gentleman whose license plate reads:

IADITUP

Given that he used to have that on his Bentley, and now it’s on his Maserati, I suspect that he doesn’t hate accounting.

#13

Reminds me of Leeson´s 88888 error account wink

#14

or maybe he just likes to fly out of dulles IAD cool

#15

See? That’s what’s wrong with this country. Some jackass who thinks “I a Ditup” is good grammer, when it’s “I am a Ditup”, drives around in a Maserati and guys like Greenie are drivng Fords. What the hell is a Ditup anyway?

#16

so no?

#17

^lol no respekt