Pentagon officials are reportedly struggling to devise a plan to spend the extra $500 billion that Donald Trump wants to give the bloated, fraud-ridden agency in the next fiscal year, vindicating criticism of the funding proposal as immensely wasteful.
The Washington Post reported over the weekend that “White House aides and defense officials have run into logistical challenges surrounding where to put the money, because the amount is so large.”
The extra $500 billion, endorsed by the top Republican on the House Armed Services Committee, would push annual US military spending to a staggering $1.5 trillion after the Trump administration and congressional Republicans enacted unprecedented cuts to federal nutrition assistance and Medicaid last summer.
That is not how accounting works.
No…
That’s literally how accounting journals work…
Since about the 1500s we use double booking in bookkeeping, meaning the accounts look like that so that the balance sheet can balance and show 0 missing money. In most audits you don’t “summarise” error accounts, you check the balance accounts, statements and you check for why there’s stuff lying in the transaction accounts.
You should probably have stayed on a couple more days of your accounting class.
What an incredibly detailed and accurate way to dismiss the fact that, despite you clearly defining what accounting errors are, the Pentagon still can’t audit itself successfully and therefore shouldn’t be given more money.
You…
You think clarification is dismissal?
I’m fine answering questions to help people understand this, but you don’t understand any of it and aren’t asking questions…
You have an opinion on what the conclusion should be, so you want to debate facts to make your conclusion appear to be the only option.
But all of that would be pointless because you’re choosing to remain willfully ignorant of how accounting ledgers actually work.
I just don’t have the time for that.
You think that them falling audits is my opinion? I think you missed the point and wrote an accurate yet completely unnecessary post.
No. It’s literally not.
Did you sleep through class? Maybe have a dream where the professor told you to make up missing money?
This type of discrepancy is, wait for it, accounted for. It’s the point of bookkeeping. You know that money has been sent or received, you know how much you owe and how much you’re owed. A check in the mail isn’t going to cause a failed audit. 10,000 checks in the mail won’t cause a failed audit. You can look back over thousands of transactions and know, “oh, we normally get that check on the last Friday, it’s the last Monday, nothing to worry about yet.” Any auditor would also look at the history of payments and not account for money that’s not expected yet.
Stop going on the Internet and telling lies.