Joey Jo Jo Junior Shabadoo

I am sure I heard the truly appalling 'more healthier' in one of those probiotic yoghurt commercials. Almost choked on my Yakult, I did.

This morning I used two hotel soap bars in the shower. They started off the size of mini frisbees and did not end up like actual size paracetamol. Presumably because I used two.

Tesco Black Pudding is shite.

Accounting rules mean that revenues and expenses have to be matched in the periods they occur, regardless of when the cash changes hand. The deferred income will be the percentage of the total season tickets sales that relates to matches that haven't taken place in the reporting period (money received that hasn't actually paid for goods or services yet). You are not allowed to account for possible future ticket sales (future gate receipts). Hope that helps.

Morning! No real surprises yesterday, other than a fine given to a penniless company in liquidation. Trolling from Nimmo-Smith? Beautifully done if so. I think the most interesting thing will be Scottish Football's next 'insolvency event'. I can't help but think that the authorities have now backed themselves into a corner. In the past there were some pretty clear dis-incentives to going out of business. Loss of 'history', loss of your name, and most importantly loss of your league status (Gretna and Airdrieonians being the two most recent who were told to GTF as a 'warning' to other clubs to keep solvent). Now it has gone the other way. The only 'punishment' in place is being shoved into the bottom league. That in itself, I believe, creates an incentive for clubs to engage in financial mismanagement, especially if they are already in the lower leagues. How could the authorities justify not treating another club like they have treated Rangers?

A deadline? How exciting. Will we find out the quantum then, or will that be at a later date?

Car Problem: My exhaust pipe has detached at one end (the front) but is still attached to the back of my car. Is it OK to drive it like this to the garage? The pipe has moved out of it's normal housing and is slightly wedged under the back of my car (at aroung 90 degrees to where it would normally sit).

Yes, flight is from outside the UK to Glasgow. British Airways was actually cheaper but wasn't direct.

€1.15 to the £ when I booked. They also give you the rate in €:£ not £:€ in the hope you don't notice.

Ryanair website. Prices in Euros the whole way through the process but they charge you in GBP. To say the exchange rate they use was eyewateringly poor is an understatement (€1.08 to the £). And you only find out when they give you the confirmation.

The Secret Escapes advert. Whispering in general but especially on TV.

What's the distinction though? I'll give you a clue: Debt is money or resources that will be transferred out of the company at some point in the future. A liability is money or resources that will be transferred out of the company at some point in the future.

My point was that the £18million was only a part of the debt when Whyte took over. If you were comparing like with like (bank debt with bank debt) then the correct line is 'Craig Whyte took over when the debt was £18million but this was zero when Rangers were liquidated'.

Really? Please explain...

Hello, long time lurker blah, blah, blah... I felt the need to join up after, to my surprise, nobody picked up on this particularly sizeable open goal which was set up yesterday. Use of an £18million figure for this comparison is erroneous at best. This was a bank debt, but you are comparing it to the total liabilities at liquidation. In fact, having a look at the last accounts before Whyte came in (http://www.isdx.com/infostore/Company-Accounts/RangersFootball/rangers2010.pdf) Rangers liabilities were £65million (p.28 note 15 & 16). Therefore assuming your £56million is correct then Craig Whyte actually reduced debt during his tenure.

Testing. Morning All!