Accounting Solver

ACCOUNTING FOR LIVING 4

by ren on May 31st, 2008

I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.

Accounting Solver presents a Balance Sheet for Living:

Just like Cash in a business Balance Sheet, Health in the Balance Sheet for Living is much affected by Liabilities. Among the Liabilities in a business Balance Sheet, the major items would be Notes Payable and Accounts Payable. In a Balance Sheet for Living, the major item would be Stress (on the job or from relationships).

Just like Notes Payable and Accounts Payable, Stress cannot be avoided; but they have to be kept at manageable levels. Otherwise, they will reduce the value of the Assets (and consequently, reduce Equity; i.e., what you actually own or possess). In terms of the Balance Sheet for Living, Stress will undermine your Health –the most important of your Assets.

images from Microsoft Clipart, reconstruction of Balance Sheet image by Ren Garcia

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POSTED IN: Accounting Concepts, Accounting for NonAccountants, Accounts Payable, Assets, Balance Sheets, Equity / Capital, Liabilities, Net Worth, Random Thoughts on Accounting