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Account Informal

Account Informal

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[Music] so I was giving you these uh transactions and how informal way of doing accounting again reiterating that it is an informal way do not claim it to be a formal way and typically you do not put transactions entries directly into the balance sheet and therefore none of us whatever we are doing makes any sense to anyone who is in accounting it's just for your understanding and appreciating the concepts that are involved okay so that's the only purpose so we were looking at this particular transaction where Rohit essentially had sold the stock of cement that he had bought at 10,000 rupees and that then he sold that at 12,000 rupees so we were looking at how it would affect the balance sheet of the company right so naturally there was a cash transaction so there's a increment of cash of 12,000 rupees so total cash now is 127,000 the stock depletes and there is a zero of the stock now so the total assets become 152 corresponding to that there's somethin

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