00:01
Okay, so let's understand our current solution through an example.
00:05
Let's just suppose there is an xyz company.
00:10
Now xyz deals in furniture.
00:17
Let's go out right here.
00:21
Let's write it here.
00:29
So xyz deals in furniture.
00:31
Now what happens? xyc company purchases the raw material or we can say the wood logs from a company name as abc company.
00:46
Abc company, we can say it raw material.
01:02
There is another person, mr.
01:04
C, to whom x, y, z sells the product or we can say furniture.
01:18
Now there is a third person from whom the xyz xyz company borrows the funds to run the business.
01:33
Do not confuse with these transactions...