Hello Everyone, How are you? I am fine. You tell me.
Everything is fine here as well.
Friends, today we have a topic, a chapter in front of you
which is going to be very useful for you in practical life.
It is very important.
Its practical applicability is from 1 to 100%.
Each and every point in this chapter is applicable wholly
and exclusively practically my dear friends.
Practically, this chapter will help you a lot.
If you are in any office, if you have to prepare someone's
financials, even as a professional, as a CA, people can
face problems here.
This point is in this topic.
And as soon as a new chartered accountant comes into
practice or a new CS or CMA comes into practice, coming
into practice means opening your office, then such clients
come to him, to handle them, it is necessary for CA, CS,
CMA to know about this chapter.
So this chapter is very important for them as well.
And if you work in an office, for example, you work in a CA
office, and in that office, you give this work to your CA,
which will happen through this chapter.
Now I will tell you what the work will be.
Then he will be very happy anyway.
He will also praise you.
I don't know whether the salary has increased or not, but
he will be very happy with your work.
This chapter will put four moons in your knowledge.
We start the discussion of its practical applicability in
front of you.
What is this? Why? How is it?
Let's start the discussion of this quickly.
Friends, let me show you the notes for once.
The notes of this chapter are not very big.
There are small notes.
That's it.
There are not very heavy notes.
Sir, so few notes and so much importance?
Friends, many times it is said that the whole day's speech
does not work that someone's line works.
In the entire WhatsApp chat, full message groups do not
work which makes it a high.
It is exactly the same thing.
Yes, sir. Yes, sir. Yes, sir.
Sir, you put your hand on the pain today.
No problem. No problem.
The high has come. It will come ahead of it too.
Don't worry.
Let me try to open the pad once.
Take this.
We will understand its base by coming to the pad.
Everyone, look here.
This is not Auro.
Who is this, sir?
Its name is Mr. X.
Mr. X.
What does Mr.
X do?
He is a trader.
He does goods trading.
He is a trader.
Okay, sir. Okay.
Now, Mr. X started a business.
Let's say, for example,
January 1, 2018.
Okay.
Now, friends, in the beginning, think practically.
Consider yourself a businessman.
Assume that you have started a business.
So, in the very beginning, what is your first target?
Tell me the truth.
Sir, in the very beginning, even if one or two clients
come, even if one or two customers come, that gives us a
lot of happiness.
Where is our biggest focus?
In the very beginning, our biggest focus is on the clients,
sir.
So that we get some money.
So that our customers start.
Absolutely right.
Do you pay attention anywhere else?
No.
Is the number of transactions very high?
Please tell me.
Is the number of transactions very high or very low?
Sir, very low.
What will be the transactions in the beginning?
We will open a business and sit.
We will buy a little and sit.
Customers will come very slowly.
There will be no transaction of sales.
There will be no employees.
There will be no transactions of salary.
There will be no big expenses.
That's why the transactions will be very low.
Okay, sir.
Sir, what do you want to say by this?
I would like to take your point that if the transactions
are very low, then is it possible to keep a very long
account?