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creative accounting

Meaning: accounting methods used by unethical companies to cheat the tax department, shareholders, employees, etc.

For example:

  • We used creative accounting to avoid paying all our taxes.

  • They thought it was just "creative accounting", but they'd actually broken the law.

Quick Quiz:

"Creative accounting" is used by unethical companies to

a. create new accounts

b. increase company profits

c. improve their accounting systems

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Contributor: Matt Errey