Pune, July 2002.
Personal Account: Debit the receiver/Credit the giver
Real Account: Debit what comes in/Credit what goes out
Nominal Account: Debit all expenses or losses/Credit all incomes or gains
Nagpur, May 2009.
Personal Account: Debit the receiver/Credit the giver
Real Account: Debit what comes in/Credit what goes out
Nominal Account: Debit all expenses or losses/Credit all incomes or gains
Well, that is the surface-level summary of my life over the past couple of years. I'm still fighting it out with the Golden rules of accounting, as I did over seven years back. In between, many things like soda ash, Kolkata, geography, psychology, Mussourie, modern Indian history, Lalitpur, many exams, Prasad Studios etc have happened in my life...but the status of "studying/under training" remains unaffected. Unfazed. "I'm sure even after a year you will be getting trained or studying something somewhere", that's what Mayur told me this evening. Mayur is heading the sales function of western India (comprising of 4-5 states) for a leading sports apparel brand. We had shared a room for a year from July, 2002 during my MBA days. After passing out in 2004, over the past five years, he had gained an impressive work experience in sales and marketing with the leading brands like Airtel and Samsung. He has also helped his dad set up an edible oil factory and business. Also, my dear cousin brother who was in Class VIII-IX during my MBA is about to complete his BE degree in a year.
My accountancy book is still open. I have to start studying ledger posting in a while. We have some tests coming up soon. I will also be doing a bit of the Income Tax Act 2008 tomorrow. (Wow!! It is a great way to spend a Sunday... you may also try)
And it does not end there. Similar to children of love, this blog is a blog of frustration. (Here is the link to my opening post). (Almost) Exactly two years ago I founded this blog, unable to do anything else, especially preparing for the then approaching prelims exam. I was impatiently waiting for my first attempt result.
I am waiting for my third attempt result. Nothing else has changed drastically. Of course, I have gained a lot of patience over the past two years and am very well able to focus on the job at hand.
Personal Account: Debit the receiver/Credit the giver
Real Account: Debit what comes in/Credit what goes out
Nominal Account: Debit all expenses or losses/Credit all incomes or gains
2 comments:
kisne kaha tha upsc ke jaal mein fasne ke liye?
waise m sure thr r better ways 2 live the weekend than accountancy.... read salaries, its not as boring
:-P
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