Accounting Basic Mahathir


ACCOUNTING
** This article was published in THE EDGE DAILY , May 10, 2021
1. Business people know well that keeping accounts when doing business is essential. It is the only way to know whether you are profitable or losing money.
2. When I was a boy, I was familiar with Malay padi farmers. They were friends of my mother. Off and on I would go to stay with the farmer’s family in Teluk Chengai. I and my brother had to walk on the muddy track, crossing little creeks on bridges of coconut tree trunks.
3. At night we would set short fishing rods along the bunds. Then next morning some of the rods had fresh water fish struggling after having swallowed the bait of little frogs.
4. The family was very poor. They had only about an acre of land to grow paddy. When I asked them how much they made in one year, they were unable to tell me. They clearly did not know how much they made.
5. I did not ask but it became obvious to me that they kept no records of any kind. Certainly, they had no account of their padi business. They seem to think that the whole of their harvest was their profit. They did not know how much effort and money they had put in to get their harvest.
6. I believe that this is the weakness among Malays when they do business of any kind. They keep no record of their costs and the returns they get.
7. Maybe things have changed now. But I suspect that many Malay small businesses keep no record of what they spend and what they make from their business.
8. I would like to suggest that elementary accounting be taught at all levels in the schools. In fact, if we can, even at the kindergarten level.
9. They need not learn anything complex. All they need is to record their expenditure on their business and their incomes. They might also add the value of the labour they themselves contribute. The items which should be included in their record of expenditure must be detailed in the lessons. And of course, the money that they earn in the course of doing business must be recorded.
10. Every month they should record the balance so as to bear in mind how well they are doing. Obviously if the monthly record shows their expenditure is more than their income, they should try to find out why. If the money is diverted to other things unrelated to the business, they should stop the practice.
11. It is well known that new entrepreneurs who had borrowed money often spend a portion of the loan on cars and briefcases. Others spend the money on entertainments and treating friends. Sometimes as much as 50% of the loan is used for non-business affairs.
12. What this means is that the interest that has to be paid for the 50% invested would be doubled. Doing business with 50% of the loan, to make money to pay on 100% of the borrowed would be extremely difficult if not impossible. And so the business fails.
13. Many Malays are from families whose parents are wage earners. The children are given pocket money to spend. How the money is earned is of no concern to the children. The money is always there.
14. This develops in the children a comfortable feeling. Money will always be there. This attitude is not good in adult life when money needs to be earned. And invariably the amount earned is not enough when money is spent without caring about what is earned.
15. With this attitude invariably the amount spent would exceed the amount earned. This is when resort is made to borrowings including from Along. The end is well known.
16. But if a habit of recording the money earned and spent, the person would become aware when he is overspending. Then he would stop or think hard before spending beyond his means.
17. With this, there will be less problem with money and with the likes of Along.
http://chedet.cc/?p=3380


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://muscadinediet.com/accounting-basic-mahathir/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Ge15 Should Not Be Held Until 2023 Says Dr Mahathir

Ge15 Should Not Be Held Until 2023 Says Dr Mahathir

papar berkaitan - pada 6/5/2021 - jumlah : 214 hits
Former prime minister Tun Dr Mahathir Mohamad said the 15th general election should not be held this year and must wait for the end of the current Parliament term in 2023 Malay daily Utusan Malaysia quoted Dr Mahathir as saying this was due...
Mahathir Ada Duit Ke Nak Bayar Saman

Mahathir Ada Duit Ke Nak Bayar Saman

papar berkaitan - pada 5/5/2021 - jumlah : 330 hits
Kesah sebenar pembubaran task force AKAN terbongkar
Dr Mahathir Cadang Pru15 Selepas Penggal Tamat Pada 2023

Dr Mahathir Cadang Pru15 Selepas Penggal Tamat Pada 2023

papar berkaitan - pada 5/5/2021 - jumlah : 203 hits
Bekas perdana menteri Dr Mahathir Mohamad berkata Pilihan Raya Umum Ke 15 tidak boleh diadakan tahun ini malah perlu ditangguhkan hingga tamat penggal Parlimen pada 2023 Mahathir berkata untuk menjalankan PRU15 pada tahun ini pertimbangan s...
Bila Mahathir Kata 2023 Dia Tahu Pn Akn Kalah

Bila Mahathir Kata 2023 Dia Tahu Pn Akn Kalah

papar berkaitan - pada 7/5/2021 - jumlah : 166 hits
PH AKAN MENANG BERGAYA Bila Mahathir bersuara ia memberi pelbagai erti Kata2nya bukan biasa2 seperti kata kawan baiknya saham naik naiklah dia Bila Mahathir mahu PRU15 pada tahun 2023 saya yakin dia tahu mood rakyat sgt berang dgn kerajaan ...
Alasan Kenapa Dr Mahathir Lantik Hamid Bador Jadi Igp

Alasan Kenapa Dr Mahathir Lantik Hamid Bador Jadi Igp

papar berkaitan - pada 7/5/2021 - jumlah : 182 hits
Dr Mahathir Mohamad mempertahankan keputusannya melantik Abdul Hamid Bador sebagai ketua polis negara ketika dia menjadi perdana menteri buat kali kedua Bekas perdana menteri itu berkata antara sebab dia membuat pilihan itu adalah kerana ya...
Mahathir Defends Former Igp

Mahathir Defends Former Igp

papar berkaitan - pada 7/5/2021 - jumlah : 178 hits
Former premier Dr Mahathir Mohamad has defended his move to appoint Abdul Hamid Bador as the inspector general of police under his then Pakatan Harapan government The Langkawi MP said he had selected Hamid out of confidence in the then Spec...
Mahathir Dedah Ku Li Usaha Nak Tumbangkan Pn

Mahathir Dedah Ku Li Usaha Nak Tumbangkan Pn

papar berkaitan - pada 7/5/2021 - jumlah : 232 hits
Bekas perdana menteri Dr Mahathir Mohamad mendedahkan kerjasamanya dengan veteran Umno Tengku Razaleigh Hamzah bagi menarik sokongan ahli Parlimen Umno gagal Mahathir mendakwa ahli Parlimen Gua Musang itu gagal mempengaruhi cukup ahli Parli...
Dr Mahathir Claims Ku Li Is Alone In Umno And That S Why Cooperation Failed

Dr Mahathir Claims Ku Li Is Alone In Umno And That S Why Cooperation Failed

papar berkaitan - pada 7/5/2021 - jumlah : 184 hits
Tun Dr Mahathir Mohamad has revealed that he collaborated with Tan Sri Tengku Razaleigh Hamzah in an attempt to influence some Umno leaders to withdraw support for the Perikatan Nasional government In an interview with news site Malaysia Po...
Dr Mahathir Asked Hamid Bador To Attack The Home Minister

Dr Mahathir Asked Hamid Bador To Attack The Home Minister

papar berkaitan - pada 5/5/2021 - jumlah : 180 hits
As what Lokman Noor Adam said many times Home Minister Hamzah Zainudin is the real stumbling block He is the one making it difficult to oust Muhyiddin Hence they must first get rid of Hamzah before Muhyiddin can fall NO HOLDS BARRED Raja Pe...
Fungi Wechat Yang Ramai Tak Tahu

Ziana Zain Duta Rasmi Csa Academy

Asan Lembu The Movie

Di Masjid Muhammadiyah Nurul Yakin Paus Quran Dan Sains By Dr Hm Raki

Hospital Kuala Pilah

Ramadan Bazaars 2024 Exploring The Culinary Delights Of Selangor S Ramadan Bazaars

Saya Dan Rafizi Tiada Isu Peribadi Kata Puad

Hallway Wall Art Mockup For A Sophisticated Look



Koleksi 15 Lagu Hari Raya Terbaru Yang Meriahkan Aidilfitri 2024 Bakal Evergreen Bak Lagu Lama

6 Pantang Larang Penting Kalau Nak Selamat di Sekolah Asrama

Info Dan Sinopsis Filem 19 Puasa Playboys Of Plastik Hitam Astro First

Casimir Zeglen Paderi Yang Mencipta Jaket Kalis Peluru

Biodata Mohammad Rifdean Masdor Atlet Muay Thai Malaysia Yang Gegarkan One Championship Seangkatan Johan Ghazali Jojo


Hari Ini 2 Al Hamdulillah Padi Dalam Pasu

Menu Sahur

Terkejut Jumpa Segenggam Paku Dalam Lemang

Pemain Newcastle Tonali Dituduh Melanggar Peraturan Pertaruhan Bahasa Inggeris

Akmal Sokong Mb Johor Tularkan Isu Kesesakan Tambak Johor

Tanding Solo Pilihan Akhir Jika Umno Mahu Kembali Tadbir Sabah Kata Penganalisis