Oireachtas Joint and Select Committees
Thursday, 27 September 2018
Public Accounts Committee
Business of Committee
9:00 am
Seán Fleming (Laois, Fianna Fail)
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Some of the unpaid creditors have not yet been paid. An organisation can be in deficit but still have cash in the bank. It is a subtle accounting difference but an important one. They will be the same in the long run but at any time a body can be in deficit but have cash in the bank.