What did I do today?

We let our pens flow freely again in Rhetoric & Critical

Thinking class, and analysed our flow and analysed our
analysis. Also approached the unknown object read the
Allegory of Cave by Plato in the workshop and discussed in
groups how we interpreted it. Then we had our Critical
thinking class where Shirisha Mam briefed us about the
basics of doing a research. And in Accounts, we got to
make balance sheets and the adjustments to it
subsequently.
What did I learn today?

Critical & Rhetoric Writing

Today, we got one step closer to understanding the
process of free writing. Another thing I realised today that
apart from the introspective introspections from the
process of processing free writing, that also after writing
ones thoughts down onto a piece of paper. One seems to
find the head very clear after that. There are less
conversations going on inside the head, as whatsoever wa
happening came onto the paper through the hand. And lef
behind a space filled with clarity. Also, the Allegory of the
Cave, was a piece of art written with deep thoughts. While
analysing it, I found myself looking for meaning filled with
meaning and puns without any fun.

Critical Thinking
Research is basically of two types. Applied Research &
Fundamental Research. What we are essentially doing is
observing the phenomenon and applying it as a solution in
the way we have understood it. If this can be applied

repeatedly we call our conclusion to be empirical in Nature

Also the data is classified as Primary and Secondary as pe
the relation to the phenomenon. The objective one keeps
in mind while doing research is called Hypothesis. And one
can have a Null Hypothesis, Hypothesis and an Exploratory
nature in mind while conducting the research. We also
established a flow structure for the process.

Accounts
The concepts of balance sheet were cleared. Now we can
make balance sheets, trail balance, trade account and
profit & loss accounts from Journal Entries. There are quiet
simple in nature provided one knows under what head
does the entry go. Also we learnt how make adjustments i
the balance sheet incases of closing stock, depreciation,
advances paid or balance remaining in cases of wages,
salaries, insurance, etc. If one increases his stock, then
profits increases and the same is reflected in the balance
sheet on the assets side and if one wants to decrease the
profit then the purchases are increased and the closing
stock is decreased the profits decrease. However when
people make such adjustments on their records to evade
taxes, its pretty evident and can be easily caught.
How will I apply it in future?

If I were to just say what so ever comes to my mind

without thinking about it then I dont think so that I will be
such a big disaster. Thats what I think I can apply from th
free writing process. Doing substantial research work
needs to be structured properly and this structure,

irrespective of the field of research can be of use. Well,

also theres one big realisation from accounts that dealing
with black money and evading taxes isnt a good idea afte
all since one can easily be tracked no matter how
meticulous they are. Considering the hassles that follow
while being audited and the opportunity cost of it, staying
under the purview of the law seems to be the best thing to
do.