Who Changed Nigeria Accounting System?

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Who changed Nigeria Accounting System..

Years back for every Nigeria Debit entry there was always a corresponding credit entry, later on we decided to create Ledgers only to discover errors,.to check the accuracy we decided to create the Trial Balance yet the error remained, we open Journal,only to give up and abandon the errors in the suspense account but it went on to affect our trading account, income and expenditure account and even our balance sheet which we changed the name to statement of financial position thinking a change of name will change the errors.

We said there was alot in our foreign reserve yet we couldn’t meet up with our budget, as things degenerated we decided to abandon our capital expenditure to atleast meet up with recurrent expenditure still we are unable to pay government workers their salaries even after sharing every dime in the federation account fund since…

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