User:AusAccountant/sandbox

Triple Threat - Accounting terminology (Australia).

The triple threat is credited as being first used and further refined in launceston by a local James Burrows. The triple threat involves a 3 line journal entry being DR Sales, DR GST and CR Directors loan account. This accounting technique reduces the assessable income, reduces the GST payable/increases GST refundable and reduces the [|Division 7A loan].

accountant, whom later went on to found his own firm JRB accounting.