A CA walks into a bank in New York City & asks for a $5000 loan. The Bank asks for a security & the CA hands over the keys & documents of his BMW which is parked on the streetin front of the bank. After all the necessary check the Bank agree to grant him loan.
The Bank president & all officers enjoy a good “laugh” for CA for using &100000 BMw as collateral against a loan of $5000. Then the car was parked in the banks garage safely.
2 weeks later the CA returns & repays $5000 loan & the interest which comes to $15.41. The bank officer says, “Sir we are very happy to do transaction with you but we are a little puzzled. While you were away, we checked out & found that you are a “multi-millionaire” , then why did you bother to borrow $5000?
Then the CA replies, “where else in New York city can I Park my car for 2 weeks for only $15.41 & expect it to be thr when I return!!!!
This is “The Mind of Chartered Accountants“
We Welcome Your Comments !!
The Bank president & all officers enjoy a good “laugh” for CA for using &100000 BMw as collateral against a loan of $5000. Then the car was parked in the banks garage safely.
2 weeks later the CA returns & repays $5000 loan & the interest which comes to $15.41. The bank officer says, “Sir we are very happy to do transaction with you but we are a little puzzled. While you were away, we checked out & found that you are a “multi-millionaire” , then why did you bother to borrow $5000?
Then the CA replies, “where else in New York city can I Park my car for 2 weeks for only $15.41 & expect it to be thr when I return!!!!
This is “The Mind of Chartered Accountants“
We Welcome Your Comments !!
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