Slide 1

[Virtual Presenter] This topic has been under discussion for several years, but it remains unclear what exactly will be discussed. The participants are still debating whether they should focus on the theoretical aspects or practical applications. Some argue that the theory is essential for understanding the subject, while others claim that real-world examples are necessary for effective learning..

[Audio] The exchange rate between two currencies determines how much of one currency is equivalent to another. This converter helps us find out the current exchange rates between different currencies..

[Audio] A financial statement that provides a comprehensive picture of a company's performance over a specific period is called a Final Account. This type of account combines the information from the Trading Account and Profit and Loss Account to provide a complete view of the company's financial situation. The Balance Sheet is also included in this account, providing details about the company's assets, liabilities, and equity at the end of the accounting period..

[Audio] Factory work involves working with machines and tools to produce goods. This type of work is typically done in a manufacturing setting where raw materials are transformed into finished products. Factory workers may perform tasks such as assembly, inspection, and packaging. Office work, on the other hand, involves working with information and data to support business operations. This type of work is typically done in an administrative setting where employees manage records, communicate with clients, and perform various clerical duties. Office workers may also engage in tasks such as accounting, marketing, and human resources management..

[Audio] Trading accounts show the business transactions related to buying and selling of goods. They include opening stock, purchases, sales, and all expenses incurred during the purchase and sale of goods. Profit and loss accounts show the net result of the business operations. They include sales, cost of goods sold, gross profit, operating expenses, and net profit..

[Audio] The trading account is a part of our accounting process that records factory work. It includes purchases, wages, carriage inward, power and fuels, and octroi duty as expenses incurred by the business during its operations..

[Audio] Office work involves various expenses such as salaries, insurance, postage, telegrams, commissions, electricity, and carriage outward. These are all related to the profit and loss account..

[Audio] It's essential to remain calm and composed when dealing with difficult questions from the floor. Listen attentively to what the person is asking and ensure you understand their query before responding. Avoid getting defensive or emotional, as this can escalate the situation. Focus on providing clear and concise answers that address the question directly. If necessary, ask for clarification to ensure you're addressing the correct issue. By doing so, you'll maintain control of the conversation and provide valuable insights to the audience..

[image] 000.