Over the course of the year, we earned some money.

And so your profit is 100.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

So this right here you could view as our income statement.

The customer pays you 200 for your services

I've been doing it for the last year, and it's great.

On the cash basis it looks like you lost money again.

So both cash and Accounts Receivables are assets.

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

So this kind of the cash income statement,

Let's now account for the same series of events but instead of doing it on a cash basis

Look at my birthday. I haven't even been born yet.

let's do it on an accrual basis.

You're an opportunist.

Individual freedom is the soul of democracy.

And you didn't have to spend any expenses because you didn't do any accounting.

Maybe as people, because especially in Israel, we're in a democracy.

It was a few weeks later, and I had just finished looking at the comic section of the Sunday Star.

Today is a grand day for the Separatist cause.

That's the only way democracy will work in sangala.

When did Democracy come into existence?

That is snobbery.

Do not forget that fascism, communism, capitalism or other isms are all monetary systems.

After the war, the idea of democracy spread throughout Japan.

Error occurred on

Routine procedure.

The Separatists are being unusually tidy.

And so in month 4 we earned 100, and once again, 100 went away from our cash balance, so we still have 400.

Nice college kid. Socialist.

(Applause)

So it angered the Chinese Netizens.

And we can lose this with the very noble idea to keep people accountable for showing the people that we're not going to tolerate politicians the opportunism in politics.

In the city, large quantities of garbage are being produced every day.

The Limits of Democracy

So what does this tell us?

Before, revolutions used to have ideological names.

Why would I want to invest in this buisness that's losing 200 a month?

Kuwaiti Democracy in Action

But, we can escape from this trap, these pincers, I think.

There seems to be a problem with the main reactor.

We were naturally deferential. We needed hierarchy.

Communist, Nazi, fascist ...

Okay, so then we'll have our date column for the link, and this probably has a type of date.

Japan follows the principle of first to file.

If you are a Republican, you can take a Democrat to lunch, or if you're a Democrat, think of it as taking a Republican to lunch.