ഒരു ബിസിനസിന്റെ Profit & Loss Account എങ്ങനെ കൈകാര്യം ചെയ്യാം | Profit & Loss Account

Final account of a Trading business requires preparation of Trial balance, Trading account, Profit and Loss account and Balance Sheet. In this video Mr. Sayed C J explains in detail on how to prepare a profit and loss account.
00:08 Introduction
00:38 Steps in the accounting process
01:33 Final account of a company
01:57 What is profit & Loss Account?
02:13 Gross Profit & Gross Loss
02:38 How to prepare a profit & Loss account?
02:50 Where to record the Gross profit and Gross Loss
03:08 What all should you record in the debit side?
03:20 7 things included in trial balance
03:50 Direct and indirect expense
05:04 What to record in the credit side
05:21 Direct and indirect income
07:41 Balancing of profit & Loss account
07:50 Net Profit
07:59 Net Loss
08:04 What to do with Net Profit?
08:21 What to do with Net Loss?
08:31 Preparing Balance Sheet
09:23 Conclusion
About Sayid CJ
Sayid CJ has over 12 Years of experience in Accounts & Taxation training. His scientifically proven, modern multisensory innovative training programs are focused especially on practical skills and experience which will harness the strength and personal development. The design and delivery of these training sessions are an eye opener for common people as participants are able to accept and grow from their areas of weakness.
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Пікірлер: 30

  • @PathummabiK
    @PathummabiK4 ай бұрын

    Wonderful class 🎉 I am very excited in this class

  • @haneefatharish1348
    @haneefatharish13482 жыл бұрын

    I think there is a mistake regarding profit, if the profit is taken by owner, it should be added to capital then deduct the same as drawings from capital amount..effect in both case is same but it should be shown on the B/s (in the video,you said there is no treatment if the profit is taken by owner for his purpose )

  • @muhadkt3635
    @muhadkt36352 жыл бұрын

    Wonderful explanation 👍🏻

  • @saihalavip2588
    @saihalavip25884 ай бұрын

    താങ്ക് യു സർ.. Very easy to understand.

  • @aneespall
    @aneespall2 жыл бұрын

    ഒന്നും പറയാനില്ല സൂപ്പർ ക്ലാസ്..

  • @sandrachandran379
    @sandrachandran3793 ай бұрын

    Supper sir....... Thankyou very much

  • @riyaa1953
    @riyaa195318 күн бұрын

    Thanks sir very useful

  • @nivedhks2618
    @nivedhks26182 жыл бұрын

    Thanks for information

  • @MoviesListNR
    @MoviesListNR Жыл бұрын

    Direct expense എന്നാൽ Purchase ഉം Wages ഉം Carriage Inward ഉം മാത്രമല്ല ഉള്ളത്.. ഒരുപാട് എണ്ണം ഉണ്ട്.. Direct Expense നു ഒരു നിർവചനം ഉണ്ട്.. അതാണ് പഠിക്കേണ്ടത്.. അതാണ് മനസിലാക്കേണ്ടതും.. ഇത് പോലെ തന്നെയാണ് Indirect Expense ഉം ബാക്കി എല്ലാതും.. Purchase ഉം Wages ഉം Carriage inward ഉം എന്ത് കൊണ്ട് Direct Expense ആയി.. എന്ത് കൊണ്ട് Salary യും Carriage Outward ഉം Indirect Expense ആയി.. എല്ലാറ്റിനും Accounting ൽ കൃത്യമായി മറുപടിയുണ്ട്..

  • @lukmantp3669
    @lukmantp36692 жыл бұрын

    Thanks👍

  • @nikhilbabu6060
    @nikhilbabu60602 жыл бұрын

    Thanks Sir

  • @najeebnajeebniju93
    @najeebnajeebniju932 жыл бұрын

    Oww adi polli

  • @farhanmalayil3304
    @farhanmalayil3304 Жыл бұрын

    Super class

  • @user-iq5bz2mq7p
    @user-iq5bz2mq7p5 ай бұрын

    🤝thank you

  • @fazin1735
    @fazin1735 Жыл бұрын

    Sir cgst and sgst( trading and profit loss account and balance )ithil engine evideyaa add cheyyunne pls expalin

  • @sheelakannan7766
    @sheelakannan77662 жыл бұрын

    Super

  • @a_rchana
    @a_rchanaАй бұрын

  • @nigeeshov2003
    @nigeeshov20032 жыл бұрын

    👍

  • @prasanthkunnel180
    @prasanthkunnel1802 жыл бұрын

    👍🏻👍🏻👌👌

  • @shibushiltn3065
    @shibushiltn30652 жыл бұрын

    Manufacturing business trading profit and loss account എങ്ങനെ prepare ചെയ്യാം pls

  • @lishanna822
    @lishanna8222 жыл бұрын

    Trading account preparation എങ്ങനെയാണ്

  • @shereefkpkp
    @shereefkpkp7 ай бұрын

    Inter lock കമ്പനി ആണ്, അത് എങ്ങനെ നമുക്ക് സെറ്റ് ചെയ്യാം

  • @fisrthostingsite9385
    @fisrthostingsite93852 жыл бұрын

    Kurach koodi slow aaki parayamo.... Bhayankara speed atha😏

  • @najeebnajeebniju93
    @najeebnajeebniju932 жыл бұрын

    Ith agny sadekunu

  • @MoviesListNR
    @MoviesListNR Жыл бұрын

    താങ്കൾ കുറച്ചു കൂടി പഠിക്കേണ്ടിയിരിക്കുന്നു.. ഉടമസ്ഥൻ ലാഭം എടുത്താൽ ആദ്യം അത് Capital ൽ Add ചെയ്യുകയും പിന്നെ Drawings കാണിക്കുകയും വേണം.. അല്ലാതെ താങ്കൾക് ഒരിക്കലും Balance Sheet തുല്യമാവില്ല.. ഉടമസ്ഥൻ കൊണ്ട് പോയ Profit എഴുതാതിരുന്നാൽ Assets Side ൽ Profit Amount കൂടുതൽ ആയിരിക്കും Liability Side നേക്കാൾ..

  • @happyman4926

    @happyman4926

    2 ай бұрын

    Correct well explained

  • @shamsudheenkp7027
    @shamsudheenkp7027Ай бұрын

    TASC ൽ ആരും JOIN ചെയ്യരുത്. തട്ടിപ്പ് ആണ്. ക്യാഷ് പോവും.

  • @luckylad7960
    @luckylad7960 Жыл бұрын

    👍

  • @5295129
    @52951294 ай бұрын

    👍

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