Love Accounted..!

Despite of so many things being written about in various fields,
Love in the life of a commerce student has always remained unexplored...
Here are some phenomena in pure accounting term.

Proposal - Initial Offer

Heart - Goods lost in transit

Party to friends - Official public notification

Commitment - long term liability

Affair - AS 1- With the underlying assumption of it being a going concern

Girl friend - Partner in profits

Boy friend - Nominal partner

Acceptance by parents - AS 12 - accounting of Govt. grants

1st Date - Statutory meeting - mandatory for all at the outset of commencement

Other dates - Preliminary expenses to be added to post-incorporation expenditures

Kiss - Return on investment

Marriage - AS 14 - Amalgamation - Assumed to be in the nature of pooling of interest

Alcohol - Contingent liability - may be incurred on the happening of certain events (eg. BREAK UP)

Memories - Fixed assets

Fights - Subject to arbitration

Anniversary - Everyone expects u to declare dividends

Sleep would be subject to depreciation at a standard rate of 15%

Additions welcomed... hope u had a good laugh

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