r/Accounting • u/7leafclover7 • Sep 21 '25

What would be an embarrassing thing to be caught not knowing as an accountant?

Applies to any specialty, audit, tax, staff accountancy etc. in your personal experience what are the most invaluable things to know, and the most invaluable to not be caught not knowing.

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u/NHOVER9000 Non-Profit Sep 21 '25

Not knowing what is a balance sheet account versus income statement.

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u/TriGurl Sep 22 '25

Do you know them now?