LEDGER Problem 1 - Solved Example - Class 11 / B.COM / CA Foundation

[@SahebAcademy]

⏱TIMESTAMPS 00:00 - Intro 00:08 - Recap 01:34 - Journal Entries 09:19 - Ledger Postings 22:14 - Analysis of Balances

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[@SahebAcademy]

Glad I could help!

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😊

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[@SahebAcademy]

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hi brother am completed an AERONAUTICAL ENGINEERING and am running a business to it i searching for basic accounting but you explained such a wonderful way i really mesmerized how simply you explaining eveything

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Thank you so much my for whatever you're doing for the community, really your are helping us a lot, for me i thought making ledger accounts you must always go by journal, now i can do so from transactions directly: May you live longer

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Thank you for your clear explanation with samples it really helps to me.

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Brother you're a saviour. I'm from humanities background. Took BBA,my 1st accounting course and i know nothing but you saved me brother. May you prosper in life. Amin

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[@SahebAcademy]

You’re welcome dear.😊

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[@Flying_shadow]

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Sir u explained properly. Better than account fanda in this ledger account sir. I have compaired but he is also ginious and great teacher

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[@santoshdalave9530]

Yours teaching style is very nice because I easily understood accontancy topic and your channel is very nice and helpfull to me to solve ledgers👌

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You are sooooo good in explaining things! I am trying to learn Bookkeeping but I don't have any background in accounting and you made it very easy for me to understand everything. I was smiling while listening to you too. You are just so good in teaching! May you be blessed even more 😊

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Thanks

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[@sambhavi08]

At 3:49 why drawings acc.. would not get affected??

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thank you so much for your teaching. In your previous video of ledger i didn't gets it but. after i finish this video i already gets. That's your previous video is so helpful and advance.

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[@YAakashV]

Sir, Do one example from the jounal entries to Financial statements ( financial year)

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Journal to ledger account very informative. Thank im learning alot.

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Your explanations are so clear , thank you so much I now know and understand the ledger account

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[@SahebAcademy]

I try and thanks for your comment😊

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Which class?

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[@SahebAcademy]

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[@SahebAcademy]

😊

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World number one trainer

[@rizwanahmed4199]

i am quite confuse with the purchase - why purchased goods are my expense not asset .....as expense is always debit....while for future benefits we have goods which will be converted into cash later

[@SahebAcademy]

Purchase is an Expense The items which you purchase for resale is called Inventory / Stock / Goods So whenever you purchase inventory you take it under Purchases A/c (Expense it) Later at the year end unsold goods will be transferred to Inventory A/c (Asset) which will be shown in the balance sheet. The ultimate effect is that only the goods which have been sold in the current year are EXPENSED (taken to profit and loss a/c) Here Matching Concept is used You have to match the Revenue with the Expense incurred to earn it.

[@SahebAcademy]

You have two ways Either use purchase account and later give the effect in inventory which I have discussed above Or Directly use inventory account when you purchase items for resale Inventory A/c To Cash A/c and then when you sell the items Cash A/c To Sales Cost of Goods Sold A/c To Inventory You have to decrease the inventory and expense it under COST of Goods Sold which will go to Income Statement / Profit or Loss Statement

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[@ruthreshsaran1014]

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[@gulzirak2727]

Thank you sir very well explained Sir I have a question and that is that. When the ledger accounts are balanced for the next accounting period then we should make a journal entry for it or we should just export directly to the ledger account?

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Thank you so much sir for making this wonderful video

[@lifewithquranandsunnah4335]

OUTSTANDING THANKS SIR 🤌❤️🫀

[@TheRoyalking007]

I have a question regarding the logical reasoning behind the closing balance in ledger accounts. Specifically, why should the closing balance go opposite to the nature of the ledger balance? Is there a logical reason for this practice, or is it simply to ensure the equality of the debit and credit sides? Thank you for your clarification.

[@chukwuebukaezenwa9778]

Thanks for this it really helped me. Please I do have a question :say I have a discount allowed what account will it affect . another question: say the owner withdrew money for personal use which account will affect and why . Last question :say you have a discount received what account will it affect thank you for your quick reply

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[@fazelahmadahmadi917]

Hi, thanks for your comprehensive videos; i have a question, suppose of in the ledger if the Dr side is bigger then the Cr side, would the balance c/o to the next period be minus?

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Very precise and clear.

[@riyajdhakal7466]

keep up the good work👍