1
Love Accounted..!
Posted by Karan Gurnani
on
3:00 PM
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
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