00:01
Okay, so let's understand the current problem.
00:06
How to drive the solution.
00:08
Okay, first of all, we will draw our basic accounting question which will help us in diving.
00:17
The solution, okay, is it's minus liabilities.
00:26
He was still equity.
00:32
Okay, so this is the basic accounting question we have in front of us.
00:38
But what does this accounting question says? let's understand.
00:42
Suppose you are in business of a restaurant making making very, very grateful delicious to the to your customers.
00:51
Okay, so you have, you know, sorted.
00:57
And you have also on land delivery segment to your customers.
01:01
But sometimes what happened? your customers say that i really, really i will pay you after some week or a month.
01:09
Let's suppose in that case also, however it is not.
01:13
It is not possible in real boy.
01:15
But let's suppose for our example.
01:18
Okay, so suppose your five customers have said that they will pay you are they will pay you off after a month.
01:26
And that is the amount totaling off $10,000.
01:32
Okay, $10,000.
01:36
So before you sold before you sold off the foods and beverages to your customer, you will also have to buy the raw material.
01:46
You know, raw material to process the actual food into the into the actual, you know, act a bill.
01:54
Edible food.
01:55
So you have purchase some some off the material from the suppliers.
02:01
All 5000 but the among has not been paid yet.
02:08
Please remember my words.
02:11
The asset is the amount which you are likely to receive from your customers along it.
02:17
That if you have, let's say if you have initial cash balance off 5000 voters, that will also be considered as assets that you are actually owning.
02:32
Okay, so the total assets will be $15,000.
02:38
However, there there is only 5000 off level, please.
02:44
Okay.
02:45
The library is that the amount which are still people? let's suppose you have incurred the telephone expenses for generally month off $1000.
02:54
Okay, but you have come to know factory, but still and you have also oh, you always have to pay for every expert telephone expenses.
03:03
But the generally telephone expenses will be considered as your liberties nor of the celebrity by that.
03:10
So because the because the time or the due date the due date for making jen very telephone expense payment has bean passed off.
03:23
So that is why the amount that which is due, which is due to be paid will be considered us liability.
03:32
Okay, so what is the portion of equity? actually, with $10,000 what is they? could be.
03:42
It is nothing, berta.
03:44
Take of it from the business in in in very, very symbolic downs.
03:53
However, and dale, we will understand this.
03:57
Also that were the actually worked out, actually, components of the inquiry.
04:04
But as of now, in very, very simple terms to make the question more interpret table the cookie is a take of it from the business after being off all the ladies.
04:23
Okay, now let's come to our question.
04:27
We have understood what is the meaning off a sex.
04:31
What is the meaning of liabilities? and what is the meaning off equity? okay, now let's come to live with me in question, which is our, well, most concerned.
04:45
Okay, so let's most of all right, d question.
04:58
So the question is asking from us that if let's say we are likely to receive $10,000 which we have just stated.
05:10
Okay, which we are.
05:13
We have just stated that what type off the that we're likely to receive $10,000 okay from other customers, which is that remote.
05:35
And suppose we have libraries off $5000.
05:39
So already cooties $5000.
05:45
This is the peak of it.
05:47
But the portion is saying like the supposed we have received 5000 from the customer who has received our four billion resurfaces.
06:00
Okay, which the customer has paid $5000 to us who have received the benefit overs benefit of goods and services.
06:11
So if let's say i have to this it's a tour.
06:16
In total, i was having $15,000 bye...