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Trading and Profit and Loss Account and Balance Sheet with Adjustments explained in easy way
 
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Trading and Profit and Loss Account and Balance Sheet Explained with Example in easy way for Commerce Students | CA | B.Com | M.Com | CS Hello Guys, I am back with another video on Accountancy. In this video I am going to teach you guys how to prepare Trading Account and profit and Loss Account as well as Balance Sheet. And the best part of this video is that I am going to explain this with a difficult Example so that you guys would be able to do any kind of questions relating to Trading and Profit and Loss Account and balance Sheet. Okay so, let's start. Before starting with the Question, here is a quick format of trading and Profit and Loss Account. It starts with the heading Trading and profit and Loss Account for the year ending dash dash dash means for whatever period we are preparing it.So, if we are preparing it for the year ended 31st March 2016, we will say Trading and Profit and Loss Account for the year ended 31st March,2016. So, It is prepared in a T format, T as in English alphabets which includes Particulars Amount Particulars Amount as you can see in the slide. I still remember the time when I studied this format for the first time, I used to call it Papa P A P A Papa which is an Indian word for Father. So, this whole account is divided into two parts i.e Trading Account and Profit and Loss Account. Firstly we start with Trading Account. on the Debit side, we write Opening Stock, then To Purchases, then Wages and then Other Expenses. Okay, Always remember that we add the expression 'To' to every account written on the Debit side of the Trading account. And on the Credit side we write By Sales and By Closing Stock. On the Credit side we add ' By' to every account instead of To. Now, this is where almost our Trading Account ends. See, I said almost not completely. The most important part of Trading Account still lefts. As you guys may know that in Accounts we balance both Debit and Credit side i.e the total of Debit side should always be equal to the total of Credit side. Therefore, to balance both the Debit and Credit side of Trading Account, we use Gross profit or Gross Loss which is the main purpose of preparing Trading Account. Now, if the Credit side is more than the Debit side, we have Gross profit and if the Debit side is more than the credit side, we have gross Loss. These are the balancing figure which means that their amount will depend upon the difference between the Debit and Credit side. This is where our Trading Account ends. In't it simple? Don't worry if you guys feel it is difficult, stay with me till we solve the question and all of your doubts will vanish. so, here is the total of Trading Account which we write inside two straight lines. Okay, now it's the turn of Profit and Loss Account. It always starts with either Gross profit or Gross Loss. It depends upon the result of the Trading Account. If the result of the Trading Account is Gross Profit, profit and Loss Account will start with Gross Profit on the Credit side and if the result is Gross Loss, profit and Loss Account will start with Gross Loss on the Debit side. Also On the debit side of profit and Loss account we record Indirect Expenses i.e all other expenses except Direct Expenses and on the Credit side, we record Indirect Incomes. Now, comes the Totaling part. So, as I said Debit is always equal to Credit , therefore If the Credit side is more, we have Net profit and if the Debit side is more, we have Net loss. So, if you guys want a complete explanation on Direct and Indirect Expenses and Incomes, the video link is in description. So, with this we have studied enough of the format, now let's solve an Example with Adjustments. Okay, so here is a Trial Balance given from which we have to prepare Trading and Profit and Loss Account as well as Balance Sheet. But before reading the question, you guys should have knowledge of Assets, Liabilities, Direct Expenses, Indirect Expenses and Indirect Incomes. Now, if you are studying Trading and profit and Loss Account, let me assume that you already know about Assets and Liabilities because we study thm in starting. Now Direct Expenses are those which are directly related to production. Example of Direct Expenses are Wages, Carriage Inward, Freight Inward, Octroi, Royalty on Production etc. And Indirect Expenses are those Expenses which are not directly related to production. Example includes Salary, taxes, Postage, Telephone Expenses, Insurance, Printing and Stationery Expenses, Depreciation, Advertisement Expenses etc. Now let's study the question. So, the question is the Following is the
Views: 148488 Lavish Gupta
What is Profit and Loss Account? How to make Profit and Loss Account?
 
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This video explains the profit and Loss account, its meaning, features and Objectives of making Profit and Loss account. This video also covers the items to be shown on the debit or credit side of profit and loss account. At the end of the video the balancing of profit and loss account will be taught.
Views: 29474 SUDHIR SACHDEVA
Basics of Final Accounts | Trading A/c, Profit & Loss A/c and Balance sheet.
 
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Here in this Video You will get the basics of final accounts Expenses Classification of expenses into Direct and Indirect Format of Trading A/c Format of Profit & loss A/c Format of Balance Sheet Don't forget to subscribe the channel for more sessions Thank You...!!!!
Trading Account with Profit and Loss with Example in Hindi
 
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Full Hindi video on what is Trading account with Profit and Loss, explained by accounts guru, Vishwanath Gaur. If this video helped you then Subscribe to our channel and don't forget to press the Bell Icon. Follow us on Facebook - https://www.facebook.com/finnocode/ Our Website - http://finnocode.com/
Views: 42109 Finnocode Accounts
Profit and Loss Account and The Balance Sheet -Introduction
 
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To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] A brief discussion on Profit and Loss Account with Balance Sheet in Hindi. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com Links of my other videos: Final Accounts: The Trading Account {Hindi} https://youtu.be/S903iuef5DQ An Introduction to Final Accounts {Hindi} https://youtu.be/-fg5bo3_zMA Capital and Revenue Receipts AND Deffered Rev. Exp.- Concepts explained in Hindi - https://youtu.be/xB9_0AVWJr8 CAPITAL AND REVENUE- MOST IMPORTANT CONCEPT IN ACCOUNTING - PART 1 [HINDI] - https://youtu.be/3PI6nAqQ0LA Problem on Trial Balance in Hindi - https://youtu.be/nvCjDZFDXpU Trial Balance - Errors disclosed and not disclosed https://youtu.be/NKXY20poRf8 TRIAL BALANCE - CONCEPT, FEATURES, ADVANTAGES AND FORMAT [HINDI] https://youtu.be/UubgH-6zFB0 SIMPLE PETTY CASH BOOK [SINGLE COLUMN] - WITH SMALL PROBLEM IN HINDI https://youtu.be/g-QYKxVZ8M4 PETTY CASH BOOK - CONCEPT AND TYPES [HINDI] https://youtu.be/PClOM8--FOI PROBLEM ON TRIPLE COLUMN CASH BOOK https://youtu.be/rodiyF2QN00 TRIPLE COLUMN CASH BOOK - CONCEPT WITH ILLUSTRATION [HINDI] https://www.youtube.com/watch?v=Bv8aFPpuPuI PROBLEM ON DOUBLE COLUMN CASH BOOK [HINDI] https://www.youtube.com/watch?v=1Y7HGnJQmZs DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI] https://www.youtube.com/watch?v=PsfFfitxzLY CASH BOOK- PART 2: SINGLE COLUMN CASH BOOK WITH SMALL PROBLEM https://www.youtube.com/watch?v=8MSj102t-C4 CASH BOOK- PART 1: CONCEPT, FEATURES, ADVANTAGES & TYPES https://www.youtube.com/watch?v=1LXrblt1iqw
Views: 360998 The Commerce Tutor
Trading and Profit and Loss Account from Trial Balance - Problem 3
 
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"Install our android app CARAJACLASSES to view lectures direct in your mobile - https://bit.ly/2S1oPM6 " Join my Whatsapp Broadcast / Group to receive daily lectures on similar topics through this Whatsapp direct link https://wa.me/917736022001 by simply messaging YOUTUBE LECTURES Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (10% off)with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2wgezFU Enrollment Link For Students From India: https://www.instamojo.com/caraja/accounting-basics-a-complete-study/?discount=inytabas9 Our website link : https://www.carajaclasses.com ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Views: 118474 CARAJACLASSES
Trading Profit and Loss Account Format - Income Statement
 
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#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account. Never miss a tutorial video - Subscribe to stay up-to-date with us https://www.hstutorial.com/subscribe Read more on Accounting topics at https://www.hstutorial.com
Views: 21760 HS Tutorial
What is Trading and P&L A/c | Final Accounts | CA CPT | CS & CMA Foundation | Class 11 | Class 12
 
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What is Trading and P&L A/c, Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/
Views: 60234 Mera Skill
DIFFERENCE BETWEEN TRADING ACCOUNT AND PROFIT AND LOSS ACCOUNT
 
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Thanks For Watching Subscribe to become a part of #TeamGyanPost SUBSCRIBE for awesome videos every day!: Rate, Comment, Share... Thanx and Enjoy the videos.
Views: 136 Gyan Post
Introduction of Profit & Loss Account | Final Accounts | CA CPT | CS & CMA Foundation | Class 11
 
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Introduction of Profit & Loss Account,Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners \http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 16198 Mera Skill
How to Prepare Trading Profit and Loss Account and Balance Sheet.
 
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THIS VIDEO EXPLAINS OPENING AND CLOSING JOURNAL ENTRIES. ALSO EXPLAINED IS THE PREPARATION OF TRADING PROFIT AND LOSS A/C AND BALANCE SHEET (WITHOUT ADJUSTMENTS).
Views: 311664 JBS CLASSES
Business Finance: Profit and Loss Account Tutorial
 
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A short video on how to complete a Profit and Loss Account for business finance. Sorry that the video cuts off at the end... but what I'm trying to say is "Thanks for watching and I'll see you again next time."
Views: 93415 MrBusinessStudies
Profit and Loss Account | Accounts Tamil Tutor |
 
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Accounts Tutorial in Tamil. Facebook: https://www.facebook.com/AccountsTamilTutor/ Twitter: https://twitter.com/AccountsTamil
Views: 5209 Accounts Tamil Tutor
Final Account, Trading A/c, P & L A/c and Balance Sheet
 
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Final Account, Trading A/c, P & L A/c,Balance Sheet Notes Website : http://www.iamtopper.com ►Like Us on Facebook https://www.facebook.com/iatclasses ►Follow us on Twitter https://twitter.com/iatClasses ►Follow us on Instagram. https://www.instagram/.comiatclasses ►Education News : https://www.indianeducationinfo.com/ ►Hire Tutors: https://www.suggestmeteacher.com/ Notes Android App: I am topper My Facebook: https://www.facebook.com/Ravikashyapsir/ My Instagram: https://www.instagram.com/ravi_kashyap_sir/ Here is the video for Financial accounting tutorial basics explanation for easy to understand. Hope this will help you to get the subject knowledge at the end. Thanks and All the best.
format of trading account
 
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Trading account is a nominal account. in trading account we post factory related Expenses and losses in the debit side and all incomes & profits in the credit side . if balance of credit side is more than debit side, it shows gross profit ( balancing figure) on the other hand debit side balance is more than credit side, it means gross loss( balancing figure) and posted this gross loss in the debit side of the profit and loss account.In this video , we discuss about closing enteries of trading account. first of we discuss about financial statements, financial statement is a statement which provide the status of business means business runs in profit or loss. finanacial statements is divided into two parts: income statement & Balance sheet Income Statement is also divided in two parts: Trading account & Profit and Loss Account here we discuss closing enteries of Trading account before doing entry we have to know about what is trading account? Trading account is nominal account. in Trading account we enter factory related expenses. here is basic rule for entering nominal account means trading account (Commerce) i.e. " Debit all the expenses & loses, Credit all the Incomes & Gains." In Trading account we enter Opening stock Purchases Purchase return light carriage wages wages & salaries dock charges import duty coal , gas & fire Manufacturing expenses etc. Gross Profit in debit side of Trading account( accountancy) Credit Side: Sales Sales Return Closing Stock Gross loss Remember one thing i.e. salaries and wages should not enter in the Trading Account(accountancy) How to know about gross profit and gross loss: if debit balance is more than credit balance it means gross loss, if credit balance is more than debit balance it means gross profit.
Views: 73333 Online tuition centre
What is a Profit Loss Account
 
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Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Profit and Loss Account” This report is simply called P&L and is one of the most vital business reports issued. It is one of the three principal business reporting and measuring tools along with the balance sheet and cashflow statement. The P&L is essentially a trading account for a period, usually a year, but also can be monthly and cumulative. It shows profit performance, which often has little to do with cash, stocks and assets which must be viewed from a separate perspective using balance sheet and cashflow statement. The P&L typically shows sales revenues, cost of sales/cost of goods sold, generally a gross profit margin sometimes called 'contribution', fixed overheads and or operating expenses, and then a profit before tax figure. A fully detailed P&L can be highly complex, but only because of all the weird and wonderful policies and conventions that the company employs. Basically the P&L shows how well the company has performed in its trading activities. The statement of profit and loss follows a general form as seen in this example. It begins with an entry for revenue and subtracts from revenue the costs of running the business, including cost of goods sold, operating expenses, tax expense and interest expense. The bottom line is net income -profit. The balance sheet, income statement and statement of cash flows are the most important financial statements produced by a company. While each is important in its own right, they are meant to be analyzed together. By Barry Norman, Investors Trading Academy
How to Prepare Trading Profit and Loss Account and Balance Sh
 
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How to Prepare Trading Profit and Loss Account and Balance Sheet.
Views: 11493 Vista Academy
Profit & Loss accounts explained
 
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In simple, easy terms - we explain what a profit and loss account is all about. If you want to know more after that, do check out our masterclasses: http://www.booglesltd.com/Bookkeeping_Masterclass_Training_CD.html
Views: 51204 booglesb
Trick to solve||Final accounts||with [14 Adjustments]|by:- kauserwise
 
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Here is the video about Final accounts with 14 Adjustments, with this we discussed Profit and loss account, Balance sheet, outstanding expenses, Bad debts..., hope this will help you to get the subject knowledge at the end. Thanks and All the best. ▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 6383617203 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics
Views: 2645231 Kauser Wise
Final Account | Trading A/c | Profit & Loss A/c | Balance Sheet | Financial Statement | MIS Report
 
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Final Account | Trading A/c | Profit & Loss A/c | Balance Sheet | Financial Statement | MIS Report **Please Don't Forget to Subscribe My Channel** कृपया हमारे चैनल को Subscribe ज़रूर करलें क्योंकि आप घर बैठे फ्री में Accounting और Tally, Excel, Word, PPT में मास्टर बन सकते हैं.इस Channel के माध्यम से आप GST, GST Return, TDS, Tds Return, Income Tax & Return, Payroll, BRS, Petty Cash, Credit Card, E-Return, Accounts Finalization and YouTube की पूरी जानकारी आप को मिलेगी. यदि आपके पास कोई प्रश्न और सुझाव है तो Comment Box में लिखें और आप [email protected] पर भी ईमेल कर सकते हैं। ---------------------------------------------------------------------------------- Types of Account | Accounting System खातों के प्रकार और लेखांकन की प्रणाली-Hindi Video - https://www.youtube.com/watch?v=LTRtKKvhdTk Golden Rules Of Accounting क्या है ?लेखांकन के सिद्धांत क्या है# Hindi Video - https://www.youtube.com/watch?v=6QbuJ1DkTyY Accounts Journal Entries|Top 23 Voucher Entries - Hindi Video by The Accounts - https://www.youtube.com/watch?v=MseRnAGJJVo How to File Online GSTR-1 in Detail | विस्तार से Online GSTR-1 की जानकारी - https://www.youtube.com/watch?v=tb7C-ez7Dqg How to File Offline GSTR 1 Return GSTR-1 को Offline (Tally ERP-9) कैसे फाइल करें - https://www.youtube.com/watch?v=fqqyfg5hDlw How to File GSTR-3B Online in Detail | GSTR-3B ONLINE करने की पूरी जानकारी -Hindi Video - https://www.youtube.com/watch?v=rxxzYlz0HzQ How to File GSTR-3B By Tally ERP9(JSON) Tally से GSTR-3B कैसे फाइल करें# Hindi Video - https://www.youtube.com/watch?v=N1J62HfscO8 TDS 1 | What is Tax Deducted at Source | How to Deduct TDS | TDS Kiya Hai in Hindi - https://www.youtube.com/watch?v=zYvGXtfF7yk TDS 2 | Tds Journal Entries with GST | Journal Entry of TDS | Basic Concept of TDS | - https://www.youtube.com/watch?v=RfiP_MzaKAs TDS 3 | Tds Rate Chart | Tax Deducted at Source in Hindi | Tds Exemption Limit - https://www.youtube.com/watch?v=Gc9wxMeBeD4 How to Prepare for Accountant Job | Accountant Banne Ke Lia Kiya Karein - https://www.youtube.com/watch?v=q6XROnvJC6o Accountant | Accountant Kaise Bante Hain | How to Become Accountant - https://www.youtube.com/watch?v=mQJF_YwZObI What is Debit and Credit in Accounting | Debit and Credit Meaning | Debit and Credit Rules - https://www.youtube.com/watch?v=MYqykRGSEBw Accounts Finalisation in Tally | Balance Sheet Finalisation in Tally | Final Account in Tally - https://www.youtube.com/watch?v=v-eCmGDBNuU Part-1 How to Make Bank Reconciliation Statement | What is Bank Reconciliation Statement | What is BRS - https://www.youtube.com/watch?v=E6k6hnvhYho Part-2 BRS Live Demo with Practical | How to Make Bank Reconciliation Statement with Practical - https://www.youtube.com/watch?v=Fiu5RQm_tWE Accountant | Accountant Kaise Bante Hain | How to Become Accountant - https://www.youtube.com/watch?v=mQJF_YwZObI How to Prepare for Accountant Job | Accountant Banne Ke Lia Kiya Karein - https://www.youtube.com/watch?v=q6XROnvJC6o Accounts Finalisation Procedure | Balance Sheet Finalisation | Finalisation of Accounts of Company - https://www.youtube.com/watch?v=W8uJOQlcaTk How to File Online GSTR-1 in Detail | विस्तार से Online GSTR-1 की जानकारी - https://www.youtube.com/watch?v=tb7C-ez7Dqg How to File GSTR-3B Online in Detail GSTR-3B ONLINE करने की पूरी जानकारी -Hindi Video - https://www.youtube.com/watch?v=rxxzYlz0HzQ How to Pay GST# Create Challan through Net Banking, Over the Counter & NEFT/RTGS - https://www.youtube.com/watch?v=7o7x6F9tnZc How to File Offline GSTR 1 Return GSTR-1 को Offline (Tally ERP-9) कैसे फाइल करें - https://www.youtube.com/watch?v=fqqyfg5hDlw #FinalAccount #FinancialStatement Your Query- Final Account Trading A/c Profit & Loss A/c Balance Sheet Financial Statement for Class 11th Final Account with adjustment Follow on:- https://www.facebook.com/TheAccountss https://www.facebook.com/shafitheaccounts https://www.instagram.com/theaccountss/
Views: 27199 The Accounts
#2, Profit and loss appropriation account | Fundamentals of partnership | Class 12 Accounts |
 
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#2, Profit and loss appropriation account Class 12 accounts Fundamental of partnership firm.. Accounts adda.....video 2 • Follow gaurav sir on instagram - @gauravjain3497 • Our books are now available on Amazon  Special Combo - Economics on your tips Micro + Macro- http://amzn.in/d/eSxj5Ui  Economics on your tips Macroeconomics - http://amzn.in/d/2AMX85O  Economics on your tips Microeconomics - http://amzn.in/d/cZykZVK • Official series of playlists  Class 12 Accounts complete course - https://www.youtube.com/playlist?list=PLfwl6GH_DzV4BtVbnkbp2f-cQxWmah237  Class 11 accounts complete course - https://www.youtube.com/playlist?list=PLfwl6GH_DzV7MzMAA4-FUA6kG7KADocfQ  Cash flow statement - https://www.youtube.com/playlist?list=PLfwl6GH_DzV7cFfh3DHoNgFG89im5hxL-  NPO – Not for Profit Organization - https://www.youtube.com/playlist?list=PLfwl6GH_DzV6JVytl_klyQrbQ6g8DL-x_ • Our other channels  mind your own business - https://www.youtube.com/channel/UC2JNrw4j7Eo4R5cZXXn8rNw  economics on your tips - https://www.youtube.com/channel/UCUpHeFrAvoqcdGgl_W83x6w • In order to promote us and help us grow - Paytm on – 7690041256 • For sending your wishes and greetings Address – Gaurav Jain ( 7690041256 ) Shop number 23 , Paliwal pipe fittings navjyoti road, Kaiserganj Ajmer ( Rajasthan ) Pincode - 305001 #accountsadda #class12 #gauravsir
Views: 329167 Accounts Adda
TALLY ERP 9- FINAL ACCOUNTS | TRADING ACCOUNT | PROFIT AND LOSS| Balance Sheet (Hindi)-Day-12
 
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Learn Final accounts in Tally ERP9, It give an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. Generally Final Accounts consist of Trading Account, Profit and Loss Account and Balance Sheet. Learn How to Display Final Accounts in Tally, How to Modify and ratify it. Learn Basic Accounting Concepts of Final Accounts in Tally. It is Full Step by Step Tally Tutorial in Hindi. Must Watch to Master in Tally Accounting Practical Approach to work smartly. Have a Nice Day!!! Happy Learning!!! Keep Learning!!! Watch All Day by Day Video ::- Day-1 Complete Basic Accounting Class with Example|Journal Entry in Tally https://www.youtube.com/watch?v=vZQGxkommug&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&index=1 Day-2 INTRODUCTION to TALLY ERP 9 https://www.youtube.com/watch?v=XCszfm-6nBY&t=1s Day-3 Company Creation, Alteration, Tally Password https://www.youtube.com/watch?v=pqLoH8ObJ_M Day-4 Concept of Groups in Tally https://www.youtube.com/watch?v=6wi9BGM4iLA Day-5 How to Create Ledgers- https://www.youtube.com/watch?v=Cb6QLeXs_OU Day-6 Voucher Entry -Contra, Payment, Receipt, Journal, Sales, Purchase Voucher https://www.youtube.com/watch?v=tGX9iZSWu9I Day 7- Watch All Bank Transaction Entries in Tally- https://www.youtube.com/watch?v=QV1M0ALJPOA Day 8- Discount Related Entries in Tally | Cash or Trade Discount | All About Discount Tally https://www.youtube.com/watch?v=AfMlAyxw3j8&index=8&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s Day-9- Basic Adjustment Entries|Journal Voucher Entries https://www.youtube.com/watch?v=IYBoqln8uK4&index=9&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s DAY-10- Common Tally Problems Dr/ Cr Mode|Single Payment Modehttps://www.youtube.com/watch?v=43azz8FC89A&index=10&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv Watch All Bank Trascation Entries in Tally- https://www.youtube.com/watch?v=QV1M0ALJPOA Learn Accounting - https://www.youtube.com/watch?v=vZQGxkommug&t=25s INTRODUCTION to TALLY ERP 9 Day-2| Tally Versions, Gateway of Tally, Company -https://www.youtube.com/watch?v=XCszfm-6nBY&t=1s Tally ERP 9 Company Creation,Alteration,Tally Password,Vault Password,Delete Company-https://www.youtube.com/watch?v=pqLoH8ObJ_M Concept of Groups in Tally- https://www.youtube.com/watch?v=6wi9BGM4iLA How to Create Ledgers- https://www.youtube.com/watch?v=Cb6QLeXs_OU Voucher Entry -Contra,Payment,Receipt,Journal,Sales,Purchase Voucher- https://www.youtube.com/watch?v=tGX9iZSWu9I Download Practices Entries form our blog: http://cpitudaipur.blogspot.in/ Watch Tally Erp 9 Shortcut and Tricks- https://www.youtube.com/watch?v=s2vcoM6kF8M&t=25s Watch Tally Erp 9 Calculator Tricks- https://www.youtube.com/watch?v=wdTXMZIfdh4 Watch How to Run Tally in Pen Drive- https://www.youtube.com/watch?v=48yH5o4ytLA Learn Tally Erp 9 Basic To Advance Level-https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv Visit Our Website: http://www.cpitudaipur.com Visit Our Blog: http://cpitudaipur.blogspot.in/ Like Our Facebook Page: http://facebook.com/cpitudr Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Profit and loss account
 
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Profit and loss account of sole trader
Views: 48072 Husain Academy
Profit and loss Statement(HINDI) capitalize.online
 
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FREE Stock Market Course for Beginners capitalize.online
Views: 22606 yatindra ranade
Profit and loss account with adjustment
 
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Profit and loss account of sole trader 3
Views: 17741 Husain Academy
Introduction to the Income Statement
 
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The income statement is the financial account that explains the trading performance of a business in terms of the achieved profit or loss. The basic structure of an income statement is explained and illustrated in this short revision video.
Views: 39090 tutor2u
Final Accounts: The Trading Account {Hindi}
 
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Brief discussion about the Trading Account in Final Accounts in Hindi. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com Links of my other videos: An Introduction to Final Accounts {Hindi} https://youtu.be/-fg5bo3_zMA Capital and Revenue Receipts AND Deffered Rev. Exp.- Concepts explained in Hindi - https://youtu.be/xB9_0AVWJr8 CAPITAL AND REVENUE- MOST IMPORTANT CONCEPT IN ACCOUNTING - PART 1 [HINDI] - https://youtu.be/3PI6nAqQ0LA Problem on Trial Balance in Hindi - https://youtu.be/nvCjDZFDXpU Trial Balance - Errors disclosed and not disclosed https://youtu.be/NKXY20poRf8 TRIAL BALANCE - CONCEPT, FEATURES, ADVANTAGES AND FORMAT [HINDI] https://youtu.be/UubgH-6zFB0 SIMPLE PETTY CASH BOOK [SINGLE COLUMN] - WITH SMALL PROBLEM IN HINDI https://youtu.be/g-QYKxVZ8M4 PETTY CASH BOOK - CONCEPT AND TYPES [HINDI] https://youtu.be/PClOM8--FOI PROBLEM ON TRIPLE COLUMN CASH BOOK https://youtu.be/rodiyF2QN00 TRIPLE COLUMN CASH BOOK - CONCEPT WITH ILLUSTRATION [HINDI] https://www.youtube.com/watch?v=Bv8aFPpuPuI PROBLEM ON DOUBLE COLUMN CASH BOOK [HINDI] https://www.youtube.com/watch?v=1Y7HGnJQmZs DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI] https://www.youtube.com/watch?v=PsfFfitxzLY CASH BOOK- PART 2: SINGLE COLUMN CASH BOOK WITH SMALL PROBLEM https://www.youtube.com/watch?v=8MSj102t-C4 CASH BOOK- PART 1: CONCEPT, FEATURES, ADVANTAGES & TYPES https://www.youtube.com/watch?v=1LXrblt1iqw
Views: 101086 The Commerce Tutor
#1 Final Accounts ~ Introduction and Basic Concepts
 
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Explained what is Final Accounts and what are its components... Further primary basic rules are also described... Few important concept, reasons and necessary journal entries required for posting entries in Trading and Profit & Loss A/c is explained in other videos. Student can watch them by following the below mentioned links : 1. Final Accounts with Adjustments (Introduction) -https://www.youtube.com/watch?v=1vtYzQVngA0 2. Final Accounts with Adjustments of Interest, Depreciation, Prepaid, Outstanding and Advance - https://www.youtube.com/watch?v=OgpjFFEqL5E 3. Concept of Prepaid vs. Unexpired AND Accrued vs. Outstanding - https://www.youtube.com/watch?v=RCHak7CP7JA Students can download relevant study material from the below mentioned link for better understanding of the concepts. Download Notes: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing #FinalAccounts #Accounting
Views: 329493 CA. Naresh Aggarwal
Income Statement Explained: Comprehensive Income Statement Tutorial | Profit & Loss Statement
 
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Income Statement Explained: Comprehensive Income Statement Tutorial - Profit & Loss Statement The Income Statement (aka Profit & Loss Statement) is one of the 4 Main Financial Statements. The income statement is one of the primary outputs of a financial accounting system. The four major financial accounting reports are: 1) Income Statement 2) Balance Sheet 3) Cash Flow Statement 4) Statement of Changes in Equity The income statement is a performance report. The income statement measures the performance of a business over a set time period based on its ability to earn profits over that set period. While a balance sheet (another key financial statement) shows a snapshot 'picture' in time, e.g. 21-Nov-2014, the income statement more closely resembles a ‘video’ as it measures performance over a set time period, e.g. 1-Jan-16 through 31-Dec-16. Note: the period need not be a year, it may be a month, quarter, half-year, etc. How does it measure performance over set period? In short: It tells you whether you made a Profit (Net Income) over the accounting period. It tells you whether your Revenue was higher than your Expenses. That is, Revenue - Expenses = Net Income (aka Profit) Specifically, it aggregates all sales and service revenue over the set period to create an Revenue (or income) figure. Then it lists all the major expenses throughout the same period and groups them into easily understood accounts, e.g. admin expenses, marketing expenses, etc. We then subtract the total expenses figure from the total revenue figure and what is remaining is that period’s ‘net income’ (if the figure is positive) or ‘net loss’ (if the figure is negative). Ideally a business wants to have net income. The benefits of income statement analysis are driven from how each line item, these being ‘accounts’ or sub-totals, shown in the income statement is used for further enquiry or action. For instance, you can analyse the ratio of net income to revenue to work out the profit margin, or you can analyse expenses over a number of income statements and see how expenses are growing or shrinking and make assumptions about management’s cost control. You may have just noticed how I mentioned that line items might be sub-totals (and not expense or income accounts). This is important to grasp as these sub-totals are also used for analysis. The idea is that the income statement is simply not just three lines: (1) revenue (2) expenses (3) net income. Instead the income statement has a number of sub-totals throughout (although they can change depending on the format of the document). This common income statement breakdown is called a 'Multi-Step' Income Statement. Now depending on the type and size of business, you may find all the following 'steps' in this common format: First you start with Revenue, then go to Gross Profit, then Operating Profit, followed by Income Before Tax before you reach what is termed "The Line", which is Income from Continuing Operations. And after some final adjustments after 'The Line', you will end up at Net Income, aka 'The Bottom Line'. If you have read this far, thanks(!), the simplest formula of the Income Statement is just: Revenue - Expenses = Net Income. And remember, the Income Statement, itself, has a variety of different names. You may hear the Income Statement being called the Profit and Loss Statement or the Statement of Operations, or the Statement of Earnings, or the Statement of Profit and Loss, or (as I was first taught) the Statement of Financial Performance. JUST REMEMBER: they are all the SAME document, they all refer to the same type of Income Statement document. It just a confusing quirk that often depends on where the business is located, how large and complex the business is or how old the statement was, i.e the name has often been changed by the Accounting Standard organisations in a short period of time. Finally, you may ask why this report is even produced? No, it's not just as an academic exercise or so we can give the statement to somebody who requests it. The Income Statement, like the others, allows external investors, creditors, employees, governments and other stakeholders a window inside the organisation. They can get a view of the company that may otherwise be limited to management or other internal stakeholders. With this view: * They can make better economic decisions(!) For example, should I invest in, or lend to, this company? How much should I tax this company? What wage demands should we make? How is this company performing in comparison to my own? Etc. KEYWORDS: Income Statement, Profit & Loss Statement, Financial Statements, Financial Reporting, Accounting, Finance --------------------- This video was brought to you by accofina. Social Networking & Contact: 1) Website http://www.accofina.com 2) Facebook http://www.facebook.com/accofinaDotCom 3) Twitter http://www.twitter.com/accofina 4) Google+ http://plus.google.com/+accofina
Views: 125783 AccoFina
Difference between Profit & Loss account and Balance Sheet
 
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Facebook - https://www.facebook.com/akshayraisood Instagram - https://www.instagram.com/akshay_sood123 For more information, Contact us at +919910215323   PROFILE :- Lecturer/Teacher, Shayar/Poet, Memory Trainer, Public Speaker, Entertainer, Transcendent Man. Akshay Sood is Post Graduate in commerce and a Chartered Financial Analyst (CFA), he has been teaching since 2009 and possesses a vast experience of teaching at various reputed Institutes and Universities in New Delhi. His areas of specialization are Accounts, Finance and Statistics. He is an amazingly fine Shayar and a Poet as well. He is known to be talented, innovative as well as a hard working Faculty. He has the unique ability to illustrate the most complicated topics in Accounts and Finance in exceptionally lucid and easy manner. His excellent teaching style has made him famous and favorite amongst the students and his extensive knowledge has helped numerous students achieving their goals and get excellent results in exams.
Prepare Final Accounts/Financial statements  With  Adjustments In Hindi By JOLLY Coaching
 
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This video include Financial statement along with important adjustments which will help you to understand the basic concept of preparing financial statement. This is first video of financial statement so this video will consider the FORMAT of financial statement, Adjusting additional information and the way to solve the question quickly. Financial statements are the formal record of business or a person which records the financial activities of the entity. After this video i will mainly focus on adjustment entries as the adjustments are the main problem creating things in the financial statement. I hope this video is helpful for you, if it is helpful then please like share, subscribe and comment. Thanks JOLLY Coaching
Views: 74060 JOLLY Coaching
Trading and Manufacturing Account (Simple explanation with solved problem) :-by kauserwise
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about trading and Manufacturing Account Simple explanation with solved problem. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 196051 Kauser Wise
Treatment of Accrued Income Profit & Loss Account | Final Accounts | CA CPT | CS & CMA | Class 11
 
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Treatment of Accrued Income Profit & Loss Account, Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners \http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 10610 Mera Skill
#2 CH-1 Preparation of Profit and Loss APPROPRIATION ACCOUNTin Hindi by JOLLY Coaching
 
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Partnership Accounting Part 2 deals with distribution of profit and losses among the partners by preparing profit and loss appropriation account. This video also shows you different calculations which are required to do while preparing profit and loss appropriation account. This video help you to do calculations for: 1.Net Profit. 2. Interest on Capital. 3. Interest on Drawing. 4. Interest on partner'site loan 5. Rent payable to partner. 6. Transfer to General Reserve. 7. Payments of salaries, bonus and commission to partners. Link for 1st part : https://www.youtube.com/edit?o=U&video_id=IEviFsGEqPM I hope after watching this video you are able to do all important calculations while preparing profit and loss appropriation account. Thanks JOLLY Coaching. Partnership accounting in hindi Partnership Accounting Profit and loss account Profit and loss appropriation account Profit and loss appropriation account in hindi How to prepare Profit and loss appropriation account How to prepare Profit and loss appropriation account in hindi In hindi Distribution of profit among partners How to distribute profit among partners. Distribution of profit and loss in partnership accounting How to distribute profit among partners Profit and loss appropriation account in partnership. Partnership accounting with appropriation account Calculation of interest on capital Calculation for interest on capital How to Calculate interest on capital How to Calculate interest on capital in partnership accounting Interest on drawing Calculating interest on drawing How to Calculate interest on drawing Calculating interest on drawing Calculating interest on drawing in partnership account 1st chapter of partnership Calculations in partnership accounting. Profit Loss Salary Commission Bonus Appropriation account Capital Drawing Partnership by kauser wise Kauser wise Partnership by kauserwise Partnership by jolly coaching Jolly coaching Jolly By jolly Preparation of accounts in partnership Partnership accounting in hindi How to represent profit and loss account in hindi Solved example of profit and loss appropriation account in hindi Partnership in hindi Partnership Accounting in hindi by Partnership accounting by Partners accounts Partnership accounting in urdu Distribution of shares in partnership Profit and loss appropriation account by Profit and loss account in hindi Partnership Accounting for 12th class 12th class 12tj class partnership 12th class partnership accounting 12th class partnership accounting notes 12th class partnership in hindi 12th class partnership accounting in hindi Preparation of P&L APPROPRIATION ACCOUNT Appropriation account in hindi Appropriation account Appropriation account in partnership In hindi Partnership Accounting Partnership accounting with example Partnership accounting with solved numerical Partnership accounting in easy way Shortcuts for partnership accounting Cbse 12th accounts Cbse Accounting for partnership Accounting for partnership in hindi Accounting for partnership in urdu Accounting for 12th class Accounting in hindi Concept of partnership Accounting
Views: 53630 JOLLY Coaching
Learn TALLY #2 what are FINAL ACCOUNTS | TRADING ACCOUNT | PROFIT AND LOSS ACCOUNT | BALANCE SHEET
 
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Please watch: "GST TAX TRICKS SAVE TAX!!!! " https://www.youtube.com/watch?v=ADkomjvillk -~-~~-~~~-~~-~- following quiries are solved in this video 1) what are FINAL ACCOUNTS 2) what is trading account in hindi IN TALLY 3) what is profit and loss account in hindi IN TALLY 4) what is balance sheet in accounting 5) VARIOUS ACCOUNTS IN FINAL ACCOUNT 6) WHICH ACCOUNTS ARE INCLUDED IN TRADING ACCOUNT 7) WHICH AND WHERE ACCOUNTS ARE INCLUDED IN PROFIT AND LOSS ACCOUNT 8) WHICH ACCOUNTS ARE INCLUDED OR PLACED IN BALANCE SHEET WATCH THIS VIDEO 🔴Learn TALLY #1 Basic Accounting Rules | what is Accounting | how to pass journal entry skill bill https://youtu.be/Q5wyBaO7Ioc Learn TALLY #3 CREATE NEW COMPANY | START NEW COMPANY IN TALLY |TALLY ERP 9 HINDI COURSE |SKILL BILL https://youtu.be/DDdI3LtlNf4 Learn TALLY #4 Practical PROBLEM 1 | open new company | pass some simple journal entries in tally https://youtu.be/6kJkHML6un4 FREE FREE FREE... SUBSCRIBE FOR LATEST tech VIDEOS https://www.youtube.com/channel/UCvys9ZbQdJjcPgBpmSO0CYA?sub_confirmation=1 tally erp 9 full tutorial in hindi In This Video I Will Explain You What are FINAL ACCOUNTS What is trading account what is profit and loss account p&l account and what is BALANCE SHEET and which accounts are placed in this accounts i have explained in short so you can do tally well and easily if you know all this you can skip this video but i suggest you to see this video once before starting tally accounts practical so good to learn and share knowledge to everyone powered by SKILL BILL AHAMED GAZI
Profit and Loss A/c - Financial Statement (T.S Grewal Accounts Class 11th)
 
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In this video, i will teach you about financial statements. Learn the easy way to solve the questions.
Views: 24410 Accountancy Class 11
The Accruals Principal: Secrets of the Profit & Loss Account
 
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An introduction to the accruals principle that is used to prepare the Profit & Loss Account & Balance Sheet. This video explains using a simple example how the Profit & Loss Account is constructed using the accruals principle
Views: 28136 scarlyle100
1. Hindi: Fundamental Analysis (Profit & Loss Statement - I)
 
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Online Stock Market Course for Beginners (Student's Special) @ Rs. 100 + GST. Over 1200 Students/ Investors Registered. https://www.moneybee.info/register_new.php?id=10
Branch Trading  P&L A/c (Invoice Price) - Problem 14
 
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Thank you very much for viewing our video lectures. Join our Whatsapp Broadcast / Group to receive daily lectures on similar topics through this Whatsapp direct link https://wa.me/917736022001/?text=Subs... Also check out our Social Responsibility Campaign where students can enroll in our CA/CMA/CS/CFA/CIMA/ACCA/Banking related Online Courses under "PAY WHAT YOUR HEART FEELS" Scheme. It means students can decide how much to pay for each course by considering 1) Value they derive 2) Affordability 3) Our efforts gone into course creation. Preview courses here https://carajaclasses.com/ Enrollment Form under PAY WHAT YOUR HEART FEEL Scheme https://carajaclasses.com/PAYHEARTFEE... Also install our android app CARAJACLASSES to view lectures direct in your mobile - https://bit.ly/2S1oPM6 -Team CARAJACLASSES "Never stop learning, because life never stops teaching" Did you liked this video lecture? Then please check out the complete course related to this lecture, Advanced Accounting A Complete Studywith 450+ Lectures, 60+ hours content available at discounted price(10% off) with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2weNR0h Enrollment Link For Students From India: https://www.instamojo.com/caraja/adva... Our website link : https://www.carajaclasses.com Course Description Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students. In this course, you will learn advanced Accounting topics like a) Branch Accounts b) Departmental Accounts c) Accounting for Royalties d) Accounting for Hire Purchase Transactions e) Self Balancing Ledgers f) Sectional Balancing Ledgers g) Accounting for Service Sectors, Project Accounting, etc. h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions. i) Accounting for Special Transactions - Bill of Exchange j) Accounting for Special Transactions - Consignment k) Accounting for Special Transactions - Joint Venture l) Accounting for Special Transactions - Sale of goods on Approval or Return Basis m) Accounting for Special Transactions - Account Current n) Accounting for Special Transactions - Investment Accounts o) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit) p) Accounting for Banking, Electricity and Insurance Companies. This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems. Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.
Views: 9659 CARAJACLASSES
Purpose of Trading Account, Profit & loss Account & Balance sheet ? Hindi / Urdu
 
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This Video Give The Basic Concept of Purpose of Trading Account, Profit & loss Account & Balance sheet ? Hindi / Urdu For More Informational & Educational Video Visit ZPZ Education Channel & Subscribe Must ZPZ Education For More Latest or new Videos. ZPZ Education Channel Link: www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 491 ZPZ Education
Profit and Loss Statement Definition (P&L) - CPA Seattle
 
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Are you a business owner? You're probably worried about all the bookkeeping involved. There are a few basic terms you'll need to know before you get started. One of them is a profit and loss statement. Read more: https://ygacpa.com/services/tax-preparation-planning/business-owners-package/ If you don't have the time to create a P&L, or you're not good at math, we can help. Many business owners choose to instead hire a bookkeeper or an accountant to take care of this work. Why profit and loss statements are important: Profit and loss statements are important because many companies are required by law or association membership to complete them. Aside from this, a profit and loss statement will help the company to understand their net income, which may be helpful in decision-making processes. For example, a business owner may consider whether his or her company is bringing in enough of a profit to justify renovating their building or expand or grow in other ways. You will also likely need a P&L if you are considering applying for a small business loan. The components of a profit and loss statement: Most profit and loss statements are composed fairly similarly. In the first section, the cost of sales is subtracted from the revenue, which presents the gross profit. In the next section, the operating expenses are deducted from the gross profit, leaving the operating profit. Then, non-operating revenues and expenses must be factored into account. At the end of this, the total profit or loss will be displayed. An income statement is usually completed on a yearly basis. The P&L statement is often used to prepare for tax time. However, the P&L statement may also be used to inform employees or shareholders of a company's performance, or to just provide information on the company's performance to the business owner. P&L statements are often also used as proof of income in the sale of a business.
Views: 3425 Akopyan & Co CPA
Final Account [Part-1],11th Class Accounts, COGS, Trading Account
 
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Final Accounts notes Notes Website : http://www.iamtopper.com ►Like Us on Facebook https://www.facebook.com/iatclasses ►Follow us on Twitter https://twitter.com/iatClasses ►Follow us on Instagram. https://www.instagram/.comiatclasses ►Education News : https://www.indianeducationinfo.com/ ►Hire Tutors: https://www.suggestmeteacher.com/ http://www.iamtopper.com/11th-accounts/final-accountsclass-11th/ Financial statements are the statements that are prepared at the end of the accounting period, which is generally one year. These include Income Statement i.e. Trading and Profit & Loss Account and Position statement i.e. Balance Sheet TRADING ACCOUNT Trading Account is prepared to ascertain the results of the trading activities of the business enterprise. It shows whether the selling of goods purchased or manufactured has earned profit or incurred loss for the business unit. Cost of goods sold is subtracted from the net sales of the business of that accounting year. In case the total sales value exceeds the cost of goods sold, the difference is called Gross Profit. On the other hand, if the cost of goods sold exceeds the total net sales, the difference is Gross Loss. Cost of goods sold and gross profit A business enterprise either purchases goods or manufactures goods to sell in the market. Cost of goods sold is computed to know the profit earned (Gross Profit) or loss incurred (Gross Loss) from the trading activities of a business unit for a particular period.
Tracking Trade Profit and Loss
 
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This video was created to help educate our students and other traders on how we at Locke In Your Success, LLC track trade profit and loss on a TD Ameritrade account. If you would like to open an account, please click here: https://goo.gl/v2GkPA
Views: 6660 John Locke
Treatment of Provision for Bad Debt Profit & Loss Account | Final Accounts | CA CPT | CS & CMA
 
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Treatment of Provision for Bad Debt Profit & Loss Account, Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners \http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 52362 Mera Skill
What are Abnormal Loss | Final Accounts | CA CPT | CS & CMA Foundation | Class 11 | Class 12
 
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What are Abnormal Loss, Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners \http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 12301 Mera Skill
What are Closing Stock | Final Accounts | CA CPT | CS & CMA Foundation | Class 11 | Class 12
 
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What are Closing Stock, Learn for Free Final Accounts, We have covered Introduction to Trading A/c, Profit & Loss Account, Balance Sheet and Manufacturing Accounts. For Details Visit http://www.meraskill.com/ca-cpt/accounts/final-account WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners \http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 31798 Mera Skill
Day-3 : How to create profit and loss - balance sheet in Tally ERP 9 | Tally Ledger Entry | Tally
 
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Hello All Welcome on self adhyan, Now you can see all video step by step (Day-wise) – Download Self Adhyan App https://play.google.com/store/apps/details?id=com.wALLContentList_5171242 Download PDF & Video below Link after Registration Website: http://selfadhyan.in/ This video is related, Ledger and group Introduction in Tally Advance Tally Tutorial in Hindi ~~~Share, Support, Subscribe~~~ ======================================= All Chapter Tally ERP 9 Link Day – wise (More than 80+) https://www.youtube.com/watch?v=VD_X3coIUVc&list=PL0YSmGwfdZ7bjWs9AnJ5IlCZy7t61-St5 Chapter-1 (Basic Ledger-Group Introduction) https://www.youtube.com/watch?v=v58ABP3IkXc Chapter-2 (Company info Option) https://www.youtube.com/watch?v=viKbVwVHYg8 Chapter-3 (Profit & Loss Acc) https://www.youtube.com/watch?v=hikolcvc4Bg Chapter-4 (Voucher Definition) https://www.youtube.com/watch?v=t3IH3S0HEzg Chapter-5 (Cash-Book) https://www.youtube.com/watch?v=dQc6EAgk1xw https://www.youtube.com/watch?v=xWIoYd5KxfA Chapter-6 (Inventory Example) https://www.youtube.com/watch?v=8DHG39Ys574 Chapter-7 (Purchase / Sales and Return Book) https://www.youtube.com/watch?v=8DHG39Ys574 https://www.youtube.com/watch?v=QOeBIiUkcDU https://www.youtube.com/watch?v=4gvoYvsNOA8 Chapter-8 (Security Control) https://www.youtube.com/watch?v=eFnonRALICQ Chapter-9 (Price List) https://www.youtube.com/watch?v=-VveIaBIT5k Chapter-10 (Adjustment Entry) https://www.youtube.com/watch?v=l4AyoCCytI8 Chapter-11 (Import Ledger) https://www.youtube.com/watch?v=kBInLNCBDOw Chapter-12 (Billwise Details) https://www.youtube.com/watch?v=UDH6nIEdGp8 Chapter-13 (Stock transfer details) https://www.youtube.com/watch?v=DGaTNzaIaWk Chapter-14 (Scenario/optional Entry) https://www.youtube.com/watch?v=CHVFoyu5pMc Chapter-15 (Currency) https://www.youtube.com/watch?v=SkIn_FNHxqk Chapter-16 (interest calculation) https://www.youtube.com/watch?v=lO1P89bWc_E Chapter-17 (Budget) https://www.youtube.com/watch?v=2ODycIS_PWE Chapter-18 (Cost category and center) https://www.youtube.com/watch?v=wR4EAopruqQ Chapter – 19 (Purchase Order-Sales Order) https://www.youtube.com/watch?v=_1rmmQ9Whtc https://www.youtube.com/watch?v=zhwPyrxUPJw Chapter-20 (TDS calculation) https://www.youtube.com/watch?v=pS8lveFH8U4 Chapter-21 (GST Calculation) CGST+SGST https://www.youtube.com/watch?v=g22NL5QWIGU https://www.youtube.com/watch?v=hq0vW0NRtnQ IGST https://www.youtube.com/watch?v=tIyhoD2uSmI UTGST https://www.youtube.com/watch?v=opTOvC2Yo50 Multiple TAX https://www.youtube.com/watch?v=LSOs0djvJY0 ROUND OFF https://www.youtube.com/watch?v=gNvRLEQYHAM Unregistered Purchase https://www.youtube.com/watch?v=x6O_4upZ-c4&t=74s Unregistered Sales https://www.youtube.com/watch?v=8RPKU23U4rE&t=1s Reverse charges https://www.youtube.com/watch?v=x6O_4upZ-c4 Composition Purchase https://www.youtube.com/watch?v=pN5jCIqixo4 Composition Sales https://www.youtube.com/watch?v=6T9HEodOpr8 Mixed Supply GST Entry https://www.youtube.com/watch?v=IHkWxHoBkuo GST (ACC Only) https://www.youtube.com/watch?v=Mhk9NQaJdIQ https://www.youtube.com/watch?v=7pHwdvrywsk (Cash Sales/Purchase) Export Entries https://www.youtube.com/watch?v=joQFzW7C24Y Charges GST Transportation https://www.youtube.com/watch?v=ecnmzs2oSbc Bank charges https://www.youtube.com/watch?v=FSMug4XNmTM Advance Receipt & cancellation https://www.youtube.com/watch?v=2akh9R3spSc Chapter-22 (Payroll) https://www.youtube.com/watch?v=9DyMoxSvPzY Chapter-23 (Job Work Process) Job Work Out https://www.youtube.com/watch?v=ft2-ogrLJGM Job Work in https://www.youtube.com/watch?v=Geuqbg289Ck Chapter-24 (Banking) https://www.youtube.com/watch?v=QSwbqHuaa_8 Chapter-26 (POS) https://www.youtube.com/watch?v=NrehJtxDrC4 Chapter -27 (Payroll) https://www.youtube.com/watch?v=xTL-px7J5iU Pay slip https://www.youtube.com/watch?v=9DyMoxSvPzY and many more link you can visit http://selfadhyan.in ======================================= Subscribe: https://www.youtube.com/channel/UCjUJ0bTJhYgaHL6V3nXAyQg Website: http://selfadhyan.in/ Facebook Official: https://www.facebook.com/selfadhyan Facebook (Personal) : https://www.facebook.com/manojlbsti23 Google +: https://plus.google.com/communities/115593534565868835347 Twitter: https://twitter.com/selfadhyan?lang=en Instagram: https://www.instagram.com/selfadhyan/ For Query: [email protected] tally tutorial in hindi | tally tutorial in English | tally erp 9 full tutorial in hindi all parts | tally erp 9 full tutorial in English | tally erp 9 full tutorial in english for beginners | tally with gst in hindi | tally hindi course | tally erp 9 complete basic accounting class with example | tally gst tutorial in hindi | learn tally erp 9 in English | learn tally erp 9 in Hindi | learn tally in hindi step by step | learn tally in hindi pdf free download | learn tally erp 9 in hindi with gst | profit and loss | balance sheet | tally erp 9 profit and loss | tally erp 9 balance sheet
Views: 15863 Self Adhyan Guruji
#129, Class 12 accounts ( comparative balance sheet and statement of P&l Account)
 
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class 12 Accounts comparative balance sheet comparative statement of profit and loss Account accounts adda video 129 • Follow gaurav sir on instagram - @gauravjain3497 • Our books are now available on Amazon  Special Combo - Economics on your tips Micro + Macro- http://amzn.in/d/eSxj5Ui  Economics on your tips Macroeconomics - http://amzn.in/d/2AMX85O  Economics on your tips Microeconomics - http://amzn.in/d/cZykZVK • Official series of playlists  Class 12 Accounts complete course - https://www.youtube.com/playlist?list=PLfwl6GH_DzV4BtVbnkbp2f-cQxWmah237  Class 11 accounts complete course - https://www.youtube.com/playlist?list=PLfwl6GH_DzV7MzMAA4-FUA6kG7KADocfQ  Cash flow statement - https://www.youtube.com/playlist?list=PLfwl6GH_DzV7cFfh3DHoNgFG89im5hxL-  NPO – Not for Profit Organization - https://www.youtube.com/playlist?list=PLfwl6GH_DzV6JVytl_klyQrbQ6g8DL-x_ • Our other channels  mind your own business - https://www.youtube.com/channel/UC2JNrw4j7Eo4R5cZXXn8rNw  economics on your tips - https://www.youtube.com/channel/UCUpHeFrAvoqcdGgl_W83x6w • In order to promote us and help us grow - Paytm on – 7690041256 • For sending your wishes and greetings Address – Gaurav Jain ( 7690041256 ) Shop number 23 , Paliwal pipe fittings navjyoti road, Kaiserganj Ajmer ( Rajasthan ) Pincode - 305001 #accountsadda #class12 #gauravsir
Views: 126975 Accounts Adda
Profit loss and balance sheet financial statements for limited companies
 
16:44
Profit & loss account A profit loss account shows the income and costs of a limited company UK. A profit is made when sales are more than the costs. Tax is paid on those profits within the limited company. Many people will say that these reports are just for an accountant. I would argue that the profit and loss account is more for business owners. The reason is that it tells the directors and shareholder of a limited company how the company is performing. If budgets are used directors and shareholders can measure how they performed against expectations. A negative variance on profit means that mitigating actions are required to make sure that more profits are made in the next few months. A Profit and loss will have a Gross Profit, which is the difference between sales/turnover and the direct costs associated with those numbers. An example here is a doctor that charges a private patient with botox work. The direct costs here would be the drugs and medication applied to the patient. The difference between the two is gross profit. You can also make this into a percentage for you to use over time as trend analysis. You take the gross profit number and divide this by the turnover and times this by 100. Example £350 botox treatment less (£50) medication to be applied and needles £300 gross profit Gross profit % is therefore = £300 divided by £350 = 0.86 X 100 = 86% If the gross profit goes down over time then the doctor will know that the sales price is decreasing or the costs of this treatment is increasing. Balance sheet A balance sheet shows the assets and liabilities of a limited company. Assets of a limited company are items such as buildings., equipment, patents, goodwill, stock, bank accounts, debtors. Liabilities of a limited company are items such as mortgages, loans, creditors. If there are more assets than liabilities it means that the company has equity. If there are more liabilities that the assets then it is trading as insolvent. Cash flow Cash is King. Directors and shareholders of a limited company need to ensure that they ensure customers are paying the invoices being sent. In this webinar we will discuss some best practice to ensure that cash if constantly following into your limited company bank accounts. Cash is king - Profit for sanity and turnover for vanity. Companies House Nine months and one day you will be required to submit your limited company accounts to Companies House. The final set of accounts will have a profit and loss account and balance sheet. These accounts are otherwise known as financial statements and may be viewed by members of the public A set of financial accounts are prepared by a qualified accountant and will use an output called a trial balance. The output is pulled from your bookkeeping. It is therefore important that your bookkeeping is accurate at the time of preparing your final set of financial statements. ========================== If you wish to know more about property investing then please see these YouTube experts: Arsh Ellahi: https://www.youtube.com/user/arshellahi Assets for life (Liam Ryan and Jay Munoz): https://www.youtube.com/channel/UC2PNw6YPy0n5O4LMKeL7YFg Bronwen Vearncombe https://www.youtube.com/channel/UCDT9L2G3anfof-JFs8CI2gg Jim Halliburton (The HMO Daddy): https://www.youtube.com/user/JimHaliburton Jacquie Edwards: https://www.youtube.com/channel/UCz___wf1FXKQGP8qaJn9YSA Mike Stenhouse (podcast): https://www.youtube.com/channel/UC1ownbL3lm0KI7yrfSoltfg Paul Preston: https://www.youtube.com/channel/UCH8oZLYkWERxZn60u3qgpyg Samuel Leeds: https://www.youtube.com/channel/UCS6SES6btXx2tVFzWy4oToA Tony Law: https://www.youtube.com/channel/UCQ93i22JrK78mFAJVP0DVEA Trevor Cutmore: https://www.youtube.com/channel/UCz9trefqbyFRt1hfCgUJVzw ========================== There are people that will also support you with your property investment journey Jake Iles (Capital Allowances): https://www.youtube.com/channel/UCOM5nF5-iDuN5NRBZNfht4A Kevin Wright (Finance): Julian Maurice (refurbishment): https://www.youtube.com/channel/UC1Mx51ssuTutEn8gpsgNwjg Sam Hawking (solicitors)

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