Debits And Credits
March 20th, 2010Contrary to popular belief and even some dictionary definitions, accounting debits and credits do not mean decrease and increase. The only constant definition of debits and credits is that debits are left-column entries and credits are right-column entries.
In fact, debits and credits each increase certain types of accounts and decrease others. In asset and expense type accounts, debits increase the balance and credits decrease the balance. In liability, equity and income type accounts, credits increase the balance and debits decrease the balance. Not confused yet, well read on?
Australian Petrol Prices
March 16th, 2010Well they say “a picture can tell a thousand words” and I guess this one is no exception.
The price of petrol as seen by me at my local petrol station down the road, from September 2006 until today (March 2010). The price per litre ranges from 86 cents to A$1.46 and everywhere in between. The biggest alarm bells are saved for the CREEP in the price… see how the price keeps on rising over the years with the only respite being October 2008 to January 2009 (right about when the Global Financial Crisis set in)!
What’s it going to take to get the price down next time…?
Q.E.D. Is Q.E.D.
December 19th, 2009… or perhaps the title should read “QED for the QED QED”. Let me explain…
Q.E.D. is an abbreviation of the Latin phrase quod erat demonstrandum, which literally means “which was to be demonstrated”. The phrase is written in its abbreviated form at the end of a mathematical proof or philosophical argument to signify that the last statement deduced was the one to be demonstrated; the abbreviation thus signals the completion of the proof.
Q.E.D. is also the acronym for the Queensland Education Department, an Australian government institution created to manage the state educational system and infrastructure.
BUT
Q.E.D. could also stand for: question everything done as opposed to quite easily done as anyone dealing with the Education Department will attest to. How about quest for educational direction as opposed to quality education data . They spend more time deliberating about how to do it than actually doing it. Another good one is quickly ends debate and not quick editorial decisions since the department is run as an autocracy. My personal favourite and the meaning of Q.E.D. in the title is quite evidently defunct and not quite easily done.
So the Queensland Education Department is Quite Evidently Defunct.
Quod Erat Demonstrandum.