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

And so your profit is 100.

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

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

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.

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

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

let's do it on an accrual basis.

So this kind of the cash income statement,

So both cash and Accounts Receivables are assets.

You're an opportunist.

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

When did Democracy come into existence?

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

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

That is snobbery.

Error occurred on

Routine procedure.

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

Today is a grand day for the Separatist cause.

The Separatists are being unusually tidy.

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

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

Individual freedom is the soul of democracy.

(Applause)

So it angered the Chinese Netizens.

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

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

Before, revolutions used to have ideological names.

There seems to be a problem with the main reactor.

Communist, Nazi, fascist ...

Japan follows the principle of first to file.

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.

We can do this.

Nice college kid. Socialist.

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

Communism, capitalism...

Google is a company born of idealism.

Stella, you'll be going patriotic today.

The Limits of Democracy

The constitution's gone.

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

(Laughter)