3 Principles of Life decoded by a Chartered Accountant from 3 Accounting Principles @CAClubIndia

I was thinking about life and tried to understand it from the aspects of three principles of Accounting. I was amazed at the results I got. Would like to share with you..
Three principles of Accounting divide all the journal entries in three categories; Personal, Nominal and Real.
Here is the application of each principle to life:
3_Principles_of_Life_3_Accounting_Principles_quote_vikrmn_author_ca_verma_10alone_kuwait_chartered_accountant


1. Real:
Debit what comes in; Credit what goes out.
i.e. If you get something debit it; if you give something credit that.


Applying it to Life:
e.g. if you get immense Love from someone, give your heart to that person.
Debit the love; Credit the heart.
When someone brings LOVE in your life, Give your HEART to that person.

2. Personal: Debit The receiver; Credit The giver.
i.e If you receive something Debit the person who receives it and Credit the one who gives.
Applying it to Life: e.g. if you get happiness from someone then:
The receiver of happiness is indebted;so give the Credit to the Giver, in form of regards.
You get HAPPINESS when you HELP someone.

3. Nominal:
Debit the Expense; Credit the Income.
i.e. If you spend, debit it; if you earn, credit that.
Applying it to Life: e.g. if someone shows courage, that person gets respect in return.
Debit the courage, Credit The respect.

COURAGE is the currency, more you spend, richer you become, by earning the RESPECT.

Apply* these rules and see the change. Cheers. Vikrmn:

* Conditions Apply ;)

Posted by Vikrmn: Author of "10 Alone" (CA Vikram Verma) 10Alone.com