Letís think for a moment and make out the
general ledger of our life;
On the left we have our assets. . .
That is the expenses and sins. . .
Also our income and good deeds. . . .
And long term good deeds or receivables. . .
On the right we have our liabilities. . .
Our capital and body. . .
Depreciating with life inflation. . .
Our body. . .
And the cash we earn?
Though they belong in real accounts Ėin profits. . .
They really are memo accounts. . . They cancel each other. .
Then the profit and loss.statement ..
Profit or loss?
What do you have for this account?