Symbolic signification

Ever wondered why the two sides of a coin should be so peculiarly named? It seems that these terms have a symbolic signification and important relevance. Just let your imagination run a bit, and you'll realise that, heads could be symbolic of somebody coming, and if true, tails would imply somebody going. Isn't that the basic activity of money? Money comes and money goes. The very purpose for naming the two face's of money as such, was most probably, to call the attention of people to these two aspects of money and make note of it. Wise men understood, practiced and prospered. They wrote and recorded coming as well as going of money, and so were able to manage money coming, and regulate or restrict it's going. That resulted in savings, which could be further, better utilized. Those who did not find the significance relevant, are still playing heads or tails.

That, in all probability, was the birth of accountancy. The wise men who made a count of money coming and going were, and still are, called a_count_tants. They not only kept a_count of money but also of goods and services received and given. Since money, goods and services do not come and go on their own, but are given or received, the focus was towards recording the giving and receiving aspects of money, goods and services.

You will have noticed, that this giving or receiving activity has a reciprocal effect. Giving results in receiving and receiving in giving. One can call it exchange. During the barter age, goods and services were exchanged, one for the other. Today goods and services are exchanged for money. If you render a service or give a product, you receive money and when money is given, you may expect to receive a product or service. These activities are called transactions.

Transactions are recorded for various purposes. Basic is to know how much money and products we own at a particular point in time, that is, our financial status. It also helps regulate our spending. Such data, when collected over a period of time, helps us analyse both, the giving and receiving activity, to improve our skills in managing money. For instance, if you curb spending, there will be savings which can be converted into earnings, by investing the same in bank deposits or elsewhere.

Recording transactions is the first step in learning the subject accountancy. In the beginning it seems like a child's play. Once you delve in, it gives an illusion of being difficult and complex. It might also induce a feeling of being brain damaging and tempt you to dump the subject. Actually, it is very simple, once you get to understand the systematic logic behind the method.


It is a simple three step process. First the transactions are written or recorded in a systematic method, then they are analyzed and lastly statements are prepared to provide a snapshot of the financial status of an individual, business or non-business entity. The next post shall contain the method applied to write or record transactions.

My first day on blogger

It is now done. After a lot of contemplation and searching for the best manner to express my thoughts and implement an open source for imparting education, the plunge is completed. I am finally using Blogger. After registering a domain "heads-n-tails.com", I found it was already taken up, here, by a now fellow blogger. Therefore, I do not have a custom domain name, directing readers to this place. I wish him well in his gambling pursuits. There is, however, another symbolic significance to "heads and tails" that I would like to share with all. But that will have to wait, and I will have to do with "a-count.blogspot.com".

I am still getting used to the platform, exploring what all can be done to achieve my ambitions. Things like getting a CC license, a custom layout, incorporating slide presentations and video when I run out of words, etc. I am yet to learn ways of enabling Google ads (images), and find like minded people who could and would donate, sponsor or advertise, to encourage and entitle me to bread, if not butter, for my efforts.

In case I do attain achievement in this venture, I humbly hope it will encourage all those with valuable knowledge, to impart the same in a manner better, to enlighten the minds of fellow humans, for whom education comes at a premium.

Education should be free! God willing, I shall succeed. It should not be a cause to worry, for those engaged in imparting education as a livelihood. Since there is enough money, and now technology, to effect efficient and cost effective education and still be able to sustain self and family. I sincerely hope this model works. It will put an end to education being used as a commercial commodity. It may not eradicate illiteracy, initially, but might promote a more effective utilisation of public sector funds. Maybe in deployment of, small economical education kiosks, spread across cities and villages, and content provided via the world wide web by experts in education. Corporates would be happy to fund such endeavours, is an educated guess. After all, they do require enlightened manpower to run their houses.

There may be many who might be thinking on the same lines, if they wish to collaborate, I'll be honoured.