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‘To become a master of accounting, Arvind Babu, all you need to remember are two fundamental rules,’ said the munim. ‘What are those, Munimji?’ asked Arvind. ‘Rule number one: your accounts must always present a true and factual picture of your business operations.’ ‘And what’s the other rule?’ asked Arvind. ‘Rule number two is to occasionally forget rule number one.’
Bombay had started out as seven islands separated by mosquito-infested swamps. The area was originally part of Ashoka’s Mauryan Empire but in 1343, the islands were conquered by the Sultan of Gujarat. Two hundred years later, the Portuguese seized the islands and set up a trading centre there. They called the area Bom Bahia—meaning ‘the good bay’.
Ah make the most of what yet we may spend, before we too into dust descend!