There was a discussion about buying goods.
We had to buy cash as well as loans.
That is, the thing that we are buying with the intention of
selling it tomorrow for profit.
Profit and loss are different while selling.
That discussion took place, but
Sir, you did not tell us that the things that we buy to
use, you gave an example of goods while buying cash and
loans, that the grocery shops nearby or the T-shirts that
we buy and sell, those are goods.
And you also said that my camera, my furniture, these are
not goods.
Because I am buying them to use, not to sell.
So Sir, tell us that if you bought a camera or furniture,
then what will you do with its entry?
That is, any person, any businessman, when he buys
something that he is not going to sell, he is going to use
it in the business.
It is not being bought to sell, it is being bought to use
in the business.
So how will its entry be?
This is what we are going to see with you.
Write a little.
Let's take the camera as a machine.
Machine purchased, rupees 50,000.
And
Machine purchased, rupees 50,000.
And Payment made by cheque.
Solution.
First of all, we have to apply the same step.
Which two accounts will be affected?
Identify the two accounts involved.
Which two accounts will be affected?
Identify the two accounts involved.
Which two accounts will be affected by this transaction?
Sir, look at one thing.
If we make a cheque payment of 50,000, then the bank
balance will be reduced. So our bank balance will be
reduced.
Our bank balance will be reduced.
Okay sir, no problem.
And what is our bank balance?
It is an asset.
So one asset will be reduced.
This is the first effect.
And the second effect?
The second effect is that the money will go from the bank,
but we are getting something called a machine.
We have an asset called a machine which is increasing. An
asset called a machine is increasing.
Sir, is this an asset for you? Whatever you are buying and
selling, that is a good thing.
But whatever you are buying and using, that thing will also
earn money for you.
This camera is also earning money for me.
I am using it.
This camera is also earning money for me.
I am using it.
That is why I am able to record and sell these glasses.
So indirectly, these people also contribute.
Look at the camera, it is praising you.
You are also earning money for me indirectly.
He got a little shy.
He said, I will go here and there.
I said, no, stay here for a while, then move after that.
Okay sir, so this is also an asset.
So an asset called a machine is increasing and an asset
called a bank balance is decreasing.
Sir, tell me one thing.
Last time, you got a purchase account debited.
This time you are buying something that you are going to
use.
If you are buying an asset, will you write the asset
account in its name?
Whenever you buy something that you are going to sell, then
the purchase account will be used. And whenever you buy
something that you are going to use, it will be written in
its name.
Machine, camera, laptop, furniture,
AC, lighting, projector, whatever it is.
Friends, second step.
Date
Particular
Amount
Date, Particular Amount For example, the date is 20th
April, 2023.
Sir, when will that date come?
When our date will come.
If you are a professional,
then do that first.
It is difficult in professional life to manage these and
those dates together.
But if you can do it,
I am saying you are a dangerous player and very good.
Management is also good if you can manage it together.
Those who are not able to do it, wait.
Take some degree.
Then go to good dates.
Then like a big girl for yourself.
Who says that yes, the boy is professional.
Now wait a little.
No problem.
The fruit of patience is sweet.
Yes, sir, we are just waiting for this.
Now friends, this asset called machine is increasing.
If the asset increases, we will debit it.
That is, we will debit the machine account.
Very very good.
And the asset called bank is decreasing.
If the asset decreases, we will credit it.
That is, to bank account.
50,000 50,000
Rupees We will write below.
We will write the name of the machinery.
Camera purchased for office use.
Friends, this is the discussion we have.
Yes, sir, okay.
That's very much good.
Thank you.