Accounts “An Asset or Liability”

11th September 2009: As the world mourns the 6th Anniversary of the attack on the world Trade Centre, an equally important battle has just been won. The end term paper of Accounting has finally been conquered. As the warlords return with the spoils of war(the question papers), there was one question which looked the easiest to answer but was infact the toughest to crack. It simply said “What is the significance of the Accounts course”. As I started to think what I had accomplished in all those accounts classes I attended, the answer seemed to be coming slowly. I thought again and again and then I realised that this was the faculty’s way of making me realise that I had hardly done anything worthwhile in the 60 odd precious hours I spent in the accounts class. But the warning came just a bit late and by the time I could get serious with it, the bell rang, the paper was taken away and the accounts test was finally over. So what was the Accounts course? An asset or liability? Who cares now. We have already closed the balance sheet :)