00:01
Okay, so let's start the solution.
00:05
But before that, we will draw our basic counting equation so that we can understand it clearly that what the problem is saying and how do we get our solution.
00:34
So as a matter of this is a as a matter of solution, this is a basic counting equation we have in front of us.
00:42
So to make this more clear, i will just give you example.
00:47
Okay, let's say suppose you have a business of selling video games, okay, two customers.
00:55
And you have generated a revenue or you have sold video games for $20 ,000.
01:08
But still, your customers are really trustworthy.
01:11
And for that you have given them time so that you will be paid off.
01:15
So you have given time of, let's say, 30 days.
01:18
So after 30 days, they will pay you off for the games that you sold to them.
01:22
So you will are you are likely to receive $20 ,000 from your customers so this will be your assets plus you have some extra cash in your in your cash drawer for purchasing new video games or making payment to your employees okay so you have excess cash of let's say $10 ,000 so in total you have assets of $30 ,000.
01:56
Okay, that year...