Accounts

from

incomplete

records

Anil Gomez

• Technical supports

• by

• my kiddies

• Abey & neha

A real life illustration

• Let us learn how profit is

calculated without the help of

the accounting science

• This practice is still popular

• You have a lesson but poor

Harry calculating his days profit

without the help of a teacher

Harry called it common

sense accounting

• Solutions to the accounting

problems using one’s

commonsense is called

commonsense accounting

Harry the lonely & aimless

narrates his chronicle

• UNFORTUNATE A BOY OF UR AGE

Doesn’t know where to go

HARRY’S GRANDMA

It was all fate harry’s

parents were dead while

was a plus1 class

• A poor boy like you, had all

desires and craves for love,

affection, protection, education

etc But his fate denied all these

and was bound to take the brunt

of the family. poor granny is

helpless to school him

How pathetic

The little one had no choice but

to opt peanut selling

After buying peanuts he

walked towards the park

peanut

Bought peanuts

for rs30

He reached the park

• He began selling in front of the

park

During the course he took

Rs 25 from the cash box

• With this money he had a cup of

tea and packed some food for

granny

Having

tea

Due to crowd his stock got

exhausted soon, he further

bought nuts for Rs40 by

borrowing from his friend

• Harry becomes

liable for

Rs 40

thanks

HE IS THINKING “HOW

CAN I PAY OFF THIS”

WHAT FATE

At sundown he finished his

sale and set out homeward

• . When reached home his

unfortunate grand mother asked

how much you made from ur

business

The question of her

grandma made him think

How much

Was

With u in the

morning?

ONLY

RS 30

the boy still is in

puzzlement

HOW MUCH

U

HAVE

NOW?

Rs 90

only

Conversation contd

Grandma: then ur profit

is RS 60only(ie 90-30)

• SON: no granny , I borrowed 40

from my friend Don’t I have to

pay that back

Grandma: certainly u have

to pay ur debt first after

that ur profit is 20 only

• SON: no granny ,I am still

confused

• Grandma :what is it now ?

SON:I took Rs 25 for our

tea & food etc

• Grandma :Then u are at loss of

Rs 5

No granny then every

businessman spend a lot

for their personal matters

We make

Profit

For

Our living

Don’t we?

Granny baffled

This created granny in a

puzzled state

• After a while granny continued

You are right my boy The

personal exps like spending for

tea, food etc really not a loss

Harry: you mean that Rs 25

spent for food is a part of

our profit

• Granny: my dear then we had

not sustained any loss as I said

• Harry: then why did you say

with profit of RS 20 personal

expenses should be deducted

and u stamped me loss maker of

5rs

granny: you are my

grandson You are shrewd

business man

• Harry: then how much is my

profit?

Granny and grand son

asks you

• Should the profit be increased

or reduced by the personal exps

met for my son and me

• FINALLY OUR PRIFIT IS HOW

MUCH?

See Harry's friends

enjoying their + one life

• Look at that class room

Harry's friends learning formats of capital comparison method

Suffering teacher thrilled

guys

with

Is this how Harry learned? Clg cap 90

Add drawings 25

Less additional cap 40

Less opg cap 30

Profit earned Rs 45

Learn

This

format hai

The message

• Let us take the good of Harry

who uses brain for application

while his friends use brain for

mugging up not realizing what he learns

Let us promote the kids

to apply

sense common

Anil Gomez says it is not