This write up made me remember all the double entry principles I learnt back in school.
Debit all Assets and expenses
Credit all Incomes and Liabilities
While women "follows the same logic-all expenses are on the left" I quickly added in my head that all "ASSETS" are also debited (that is, recorded in the left).
On the other hand, "all income is posted on the right" I also did not forget to add that all "LIABILITIES" are also credited (posted to the right).
It's simple, women like to spend but are great assets to the men not to mention the world, while the men bring the incomes but one accounting principle that quickly comes to mind is that of MATCHING PRINCIPLE which argues that every income must be matched alongside the corresponding expenditures, meaning that the income if not matched with the expenditure can only be one thing, a LIABILITY
So it's simple without the expenses the income is a liability (without the women the men are just but hmmmm....) in other to have a complete Financial statement or even just a Statement of Financial position(Balance sheet) ,all the Assets,Expenses,Incomes and Liabilities are duly recognized.
We are all important to make things work in a home.
nice article,though I feel that what needs to match income should be both investment and expenditure,of which investment represents the children
ReplyDeleteinvestments are classified as ASSETS.
DeleteLol.because it's your turf abi?
ReplyDelete