Monday, 4 July 2011

A B C D of Accounts

Hey,

Till now whenever you would have studied a,b,c, you said A for apple b for ball but for most people who studied accounts or have to study now this is what A,b,c,d will look like. It is the way to know the world of accounts basic and subtle.

Why am I doing this? Many of the business persons have always had querries while understanding accounts and accountants have shown the whole world to them. You know what I mean. For them what alphabets of accounts are like,

And meaning of the Individuals and for the Individuals will follow.

A: Accounts(Aww, too painful)
B: Book keeping(For how many years?)
C: Credit(Really???)
D: Debit(Give me my money)
E: Expenses, expenditure((please give me some discount)
F: Fixed Assets(Should i sell them, should I keep them?)
G: Goodwill(the fruit of your blood and sweat, don't blow it)
H: Holding (HEll..Not for armatures even seasoned professionals struggle with them)
I: Income(your blood,sweat and...)
J: Journal entry(Joke that will not make you laugh)
K: Kash(Kash with K not C, lucky letter)
L: Loss(I am going home)
M: Money(Misery you're put through)
N:Notional(A concept beyond concept)
O: Overhead(starting few days of learning accounts)
P: Profit(Idk, who are you?)
Q: Quarter(some horrible time)
R:Rate of Interest(please sir i have more credibility in market, lower thr rate)
S: Share(I am going to piss off a lot of people)
T: Tax(fun finally!!!!!)
U: Unrecorded items(Man, that's what I am talking about)
V: VAT(who cares)
W:WDV(Market say up, accounts say down)
X:  * (I hope my income does)
Y: Year end(The torture time, save me now..)
Z: Zero(Account knowledge at the end of the first blog)

So guys get ready, its about studying but I know the emotions.

Cheers.

1 comment:

  1. Guys, when you read and if you have questions or if you like something or want to add things then, gladly do so. There is a alot of accounts' vocabulary still to be added here, Thanks.

    ReplyDelete