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When you were Born…. Its the Opening of the Financial year.(.1.4.XXX)

Life Correlated With Accounting Terms

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Page 1: Life Correlated With Accounting Terms

When you were Born….

Its the Opening of the Financial year.(.1.4.XXX)

Page 2: Life Correlated With Accounting Terms

Your

Is like Journal Entry….

Page 3: Life Correlated With Accounting Terms

When You meet someone….

It’s a Transaction…

Page 4: Life Correlated With Accounting Terms

When you make someone Smileor Someone makes you Smile!!!!!!!

It’s a Contra Entry!!!!

Page 5: Life Correlated With Accounting Terms

When You Help Someone and your help is Acknowledge…

Its like, Cash Sales!!!!!!!!!

Page 6: Life Correlated With Accounting Terms

When you Help Someonewithout any Acknowledgment..

Its Credit Sales……..

Page 7: Life Correlated With Accounting Terms

When Someone Helped You andYou are Thankful to them….

Its like, Cash Purchase!!

Page 8: Life Correlated With Accounting Terms

When Someone Helped you…and You are not Thankful for it..

Its Credit purchase….

Page 9: Life Correlated With Accounting Terms

When you Hurt Someone…….

Its like Abnormal loss…..

Page 10: Life Correlated With Accounting Terms

Making Apology for the same….

Its like, Insurance Claim Recovered..

Page 11: Life Correlated With Accounting Terms

When Someone Hurts You….

Its like, Bad Debt…

Page 12: Life Correlated With Accounting Terms

Forgiving their Mistakes….

Bad Debt Recovery…..

Page 13: Life Correlated With Accounting Terms

When You are Married…..

Its like, Amalgamation..

Page 14: Life Correlated With Accounting Terms

Becoming Parents…

Its like, Conversion of Firm into a Co.

Page 15: Life Correlated With Accounting Terms

When Your Children Starts takingtheir own Decisions…

You are Subsidiary they are your Holding Co.

Page 16: Life Correlated With Accounting Terms

When your Children Left you…….

Its like, Demerger…….

Page 17: Life Correlated With Accounting Terms

When you will Die……

It’s the End of Financial Year..(31.3.xxxx)

Page 18: Life Correlated With Accounting Terms

What After your Death?????

The Assessment Year starts……

Page 19: Life Correlated With Accounting Terms

All your files are posted to…..

God’s Chartered Accountant….

“Chitragupta Maharaj”

Page 20: Life Correlated With Accounting Terms

He will Vouch and Prepare….

Your Balance Sheet!!!!

Page 21: Life Correlated With Accounting Terms

N THE BOOKS OF HUMAN NO. XYZ

BALANCE SHEET FOR THE LIFE ENDED.....

LIABILITIES

PARENTS (CAPITAL)

Add : FORGIVENESS

Add: HELPING OTHERS

Add: HONESTY

Add: TRUTHFULNESS

Less: EGO

Less: VANITY

Less: JEALOUSY

Less: OVER CONFIDENCE

Less: BEING RUDE

GOD (RESERVE AND SURPLUS)

IF YOU BELIEVE IN HIM

YOU BOSS (BANK LOAN)

PERSONS WHO HELPED YOU (CREDITORS)

LOVE (CONTIGENT LIABILITY)

FORGIVENESS (OUTSTANDING SALARY)

G/F (BILLS PAYABLE)

TOTAL LIFE

ASSETS

CA STUDENT (GOODWILL)

CONFIDENCE (COPY RIGHT)

HOPE (PATENTS)

FRIENDS (FIXED ASSETS)

PERSISTENCE ( P & M)

LUCK (FURNITURE)

RELATIVES (INVESTMENTS)

PERSON WHOM YOU HELPED (DEBTORS)

PATIENCE (CLOSING STOCK)

NEIGHBOURS (FICTICIOUS ASSETS)

GOD (P/L A/C. DEBIT BALANCE)

IF YOU DON’T BELIEVE IN HIM

BEING HAPPY (CASH & BANK)

LIFE