Opening and Closing necessity in any jurisdiction

[Chris Bester]

Colin
Your reply to David Carlson is  a rather distorted way of arguing, not so.
"Closing Books" plain "Best Accounting Practice" that is all - Plain Best
Accounting Practice- read the internet on accounting practices and closing
of books.
Chris

-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+chrisbester=cybersmart.co.za at gnucash.org] On
Behalf Of Colin Law
Sent: 22 December 2014 11:06 AM
To: David Carlson
Cc: gnucash-user at gnucash.org
Subject: Re: Opening and Closing necessity in any jurisdiction

On 21 December 2014 at 23:01, David Carlson <david.carlson.417 at gmail.com>
wrote:
> ..
> My point was intended to be that you are painting with a very broad 
> brush to declare that nobody needs to close their books at the end of 
> their accounting year.  It is not wise to make declarations that you 
> cannot back up by citing facts if challenged.  So far you have refused 
> to cite any reference whatsoever.

There is no possible way of proving that nobody needs to close their books.
It is only possible to /disprove/ this by providing evidence that /somebody/
needs to close their books.  The onus is on those who believe the latter to
find an example.  Otherwise, by default, the suggestion that nobody needs to
close their books must be accepted.

Colin
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