CA Pallav Singhania
- Human life cycle is like Financial year.
- When YOU were born. (Its the opening of Financial year 1.4.XXXX)
- Your everyday is like. (Journal entry)
- When you meet with someone is a (Transaction)
- When You make someone smile or some makes you smile is.....(Contra Entry)
- When You help someone and your help is acknowledged. (Its Cash Sales)
- When You help someone without any acknowledgement. (Its Credit Sale)
- When someone helped you and If you are thankful to them. (Cash Purchase)
- If you are not thankful. (Credit Purchases)
- When you hurt someone is like. (Abnormal Loss)
- If You make the apology for the same. (Insurance Claimed Recovered)
- When someone hurts you is like. (Bad Debt)
- Forgiving their mistakes. (Bad Debt Recovered)
- When you are married is like. (Amalgamation)
- Becoming Parents is like. (Conversion of a Firm into a Co.)
- When You Children starts taking their own decisions. (You are subsidiary and they are Your holding Co.)
- When your children left You. (Demerger)
- When you will die.(Closing of F.Y 31.3.XXXX)
- What? After you Death the Assessment Year starts.
- All Your files posted to GOD'S Chartered Accountant. "Chitragupt Maharaj"
- HE will Vouch and prepare your Balance sheet.
- IN 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 |
CAclubindia
