Lesson 9:: Trading A/c, P & L A/c and Balance Sheet

Trading A/c, P & L A/c and Balance Sheet
Caption: The trading account shows the revenue and expenses related to buying and selling goods, while the P&L account shows the total revenue and expenses incurred by the business during a period, including operating expenses.
The balance sheet provides a summary of a business's assets, liabilities, and equity, and it reflects the financial position of the business at a specific point in time. It is a useful tool for analyzing a business's financial health and determining its ability to meet its financial obligations.
Keywords: Trading account, revenue, expenses, gross profit, P&L account, net profit, net loss, revenue, operating expenses, balance sheet, assets, liabilities, equity, financial position, financial health, financial obligations.
Consignment Accounting: Part 1
• Consignment Accounting...
Consignment Accounting: Part 2
• Consignment Accounting...
Consignment Accounting: Part 3
• Consignment Accounting...
JOINT VENTURE: PART 1
• JOINT VENTURE::PART 1
Types of Accounts and Accounting Process
• Lesson 3: Types of Acc...
Accounting Equation Part 1
• Lesson 5:: Accounting ...
Accounting Principles
• Lesson 2: Accounting P...
Rules of Debit and Credit
• Lesson 4:: Rules of De...
Accounting Equation-Part 2
• Lesson 6:: Accounting ...
JOURNAL
• Lesson 7:: JOURNAL
Ledger and Trial balance
• Lesson 8:: Ledger and ...
Final Account Adjustments
• Lesson 10:: Final Acco...
Trading A/c, P & L A/c and Balance Sheet
• Lesson 9:: Trading A/c...
Depreciation Accounting
• Lesson 11:: Depreciati...
Difference Between Trial Balance and Balance Sheet: Trial Balance vs Balance Sheet
• Difference Between Tri...
JOINT VENTURE: PART 2
• JOINT VENTURE::PART 2
HOW TO SOLVE FINAL ACCOUNT QUESTIONS FAST
• HOW TO SOLVE FINAL ACC...
HIRE PURCHASE: PART 1
• HIRE PURCHASE::PART 1
HIRE PURCHASE: PART 2
• HIRE PURCHASE PART 2
BRANCH ACCOUNTING: PART 1
• BRANCH ACCOUNTING::PART 1
BRANCH ACCOUNTING: PART 2
• BRANCH ACCOUNTING:: PA...
BRANCH ACCOUNTING: PART 3
• BRANCH ACCOUNTING PART 3
INVENTORY VALUATION
• INVENTORY VALUATION
Funds Flow Statement Part 1
• Funds Flow Statement P...
Funds Flow Statement Part 2 Adjustments
• Funds Flow Statement P...
Garner Vs Murray Rule: Insolvency of Partner(s)
• Garner Vs Murray Rule:...
Insolvency of All the Partners
• Insolvency of All the ...
FINANCIAL ACCOUNTING SYLLABUS OVERVIEW B.COM | B.COM (Hns)
• FINANCIAL ACCOUNTING S...
Periodic Vs Perpetual System of Inventory
• Periodic Vs Perpetual ...
Bills of Exchange Part 1
• Bills of Exchange Part 1
Bills of Exchange Part 2
• Bills of Exchange Part 2
Accounting Notes and MCQs
• Accounting Notes and MCQs
Financial Accounting Syllabus B.Com Hns
• Financial Accounting S...
Income Tax live class Series 1
• Income Tax live class ...
B.Com 1st Semester Syllabus II B.Com First Year Syllabus DU II B.Com Syllabus
• B.Com 1st Semester Syl... #nitingoelclasses #b.com #accountingconcepts
This Video will help you to understand in an easy way the concept of Trading account, Profit and Loss account and Balance sheet.

[@coolvibes5896]

Anyone watching 1 day before exam 😂😂

[@parthpatel14004]

😂🙋‍♂️

[@Unboxingworld3628]

🙋😅😅

[@pratibhagiri1791]

🙋😅

[@halimaahmad4778]

Me watching same day of the exam 😬😬

[@laxmiYadav-zh3vr]

Yes

[@charuchugh4963]

Mr nitin is a great teacher... everything is easily explained...he has a great teaching style..v knowledgeable.

[@ksrikanth7186]

Sir actually Im from non commerce background ... before watching your videos Im afraid of accounts accounts actually... But you are the one of my legendry lecturer sir I'm thinking you so much sir..😊. . Sir my wish is to say that keep the problems solved videos we will learn problems how to solve .. I'm heartfully thanks to you sir😍😍

[@rahuldahiya1694]

After searching so many videos this is the one I found satisfactory, thank you so much for the knowledge 🤘

[@jayj9924]

Thank you sir, one of the best videos I watched in a while.

[@worldbestulamas6953]

This is what we called.. teaching Love from kashmir

[@ahsanshah1752]

Preparing for F. A?

[@razabasra3924]

Preparation of exam master subjects?

[@chandajha820]

BRO JAI HIND

[@sauravyadav2117]

Sir, this is the prayer of a student that you will go far ahead, God bless you, thank you

[@listengoodsongs]

superb !! soo nicely explained.. hats off to your explanation in a fun manner.. and your knowledge and good karma to teach us. such a noble cause..

[@aashutoshsinha1253]

Mereko rona aa gaya tha... I could not do these questions... Aapka video dekha to ab lagta hai...i can do it 😍😍😍😍😍😍😍😍😍

[@dan_fernz_]

Awesome video! Well explained. Please keep on making more videos. I was searching videos on KZbin how to do sums but they were not explaining properly with interest. But you teach with good interest. Keep it up

[@rishabhbhatia4258]

It's amazing how you made it look so easy, sir. Commendable!

[@KARANSINGH-ue8zx]

Sir dil se Keh raha hoon... KZbin Mein itne video hai accounts ke... Lekin aapke video ke samne... Sabhi video fail hai.... Aapka lecture aur aab jis tareeke se short form Mein describe karte ho... Wah Kamaal 🙏🙏🙏🙏🙏🙏🙏🙏👍👍👍👍👍👍👌👌👌👌

[@shakilsumy]

Great ! I think your are best teacher. Very easily understood.

[@ramu992]

may god bless you and your family sir. i'll be grateful forever.

[@lalitachauhan7671]

Really A big thank you to u Sir, apka teaching style best hai.. Mai commerce background se nhi hu but fr b aapne bhot ache se smjhaya jo muje smjh aagya Trading Account Profit and Loss Account Balance Sheet 🙏😊

[@divyangupadhyay565]

YOU ARE THE BEST !! BIG FAN OF YOU ! CONCEPTS ARE SO CLEAR BECAUSE OF YOU !!

[@palashdas9762]

Sir I follow your every class ,you are really a good explainer ,I searched a online teacher just like you..keep teaching in this way and spread knowledge to us praying to god for your healthy life

[@palashdas9762]

Sir please apka WhatsApp no do

[@badrinathshanker4040]

Sir, nice explanation of accounting concepts with simple and clear cut way. Great Accounts Learning Video. Thanks Sir.

[@thebankerrr6420]

Thank you sir I'm a science student and right now working in ICICI Bank as a po and thanks for clearing that topic it really helped me alot ... really appreciating

[@hardikupadhyay1611]

Thank You For Such An Easy Explanation. I am an Engineering Student suffering in maintaining Accounts

[@masoodahmedshaikh3640]

nice, appreciate your efforts. Real help in understanding financial statements. Keep explaining more better way.

[@anonymous-tr4si]

You have covered vast concepts in a short span of time 👍✨ Thank you so much sir🙏🏻

[@anujoshi6182]

Yess

[@ulfatrajput4148]

You are such a amazing teacher $ your teaching skills is very fantastic thank you so much ☺️

[@ssaxena9061]

You explained it in a very easy way, it helps non commerce people and bankers a lot.

[@titanpower1368]

Sir,I brought 10/10 In my unit test of final account.love you sir❤️

[@_SOLIPSISM_]

I also 🤙

[@abhishektiwari1692]

Kal mera bhi h unit test😇

[@naveenekarup]

EKARUP experts have over a decade experience in Commodity and Stock Management services, where we help you to understand the way into the market. EKARUP Investment Advisory Management Services is a premium service, offering innovative &

[@pushkarkushwah7376]

I got 9/10 😜

[@sakinabanoo782]

This is the actual way of teaching MashAllah sir may Almighty blessed uh❤️

[@omerbhatstudycenter7914]

Preparing for FAA

[@lkjewellers968]

Thanks for explaining so wonderfully. Appreciate your hardwork

[@vish2901]

Thank you your teaching helped me a lot to understand . You are an amazing teacher

[@ashmitrawat9325]

Sir you are great i was having definitely in everything before but after you lesson i get it very easily thanku so much sir 🙏💕

[@debiprasadsutar8997]

Thank u sir. I read your teaching and got a lot on accounting. I would like to learn more and more from your videos. Thank u sir, thank u very much

[@punamagarwal6189]

Thank you sir it helped me a lot. I was facing problem earlier in this topic but now I am confident about it.

[@niteshjha8842]

My Most fav channel for all Accounting topics...

[@religarestockbrokerpancent8726]

maine apki video se shikha bahut si knowledge ................thanks

[@bts-pg1wx]

Thank you sir jo apne itne ache se pura smjha diya apki video se bohut jayda help mili mujhe trial balance ke question solve karne me

[@gamernp9100]

Mg

[@saifshaikh3191]

loved the way you teach. very easy to understand

[@user-vk6rq1qd3p]

love you sir because of you I was able to understand the above topics very easily you have explained

[@rohittamang2562]

For me it was difficult to understand the balance sheet, and etc,,,, Now it is clear,, thanks u sir,,,,, And Hope so u will b uploading this type of vedios,,,, AND once again THANK YOU SIR,,,:)

[@religarestockbrokerpancent8726]

HI sir, me arun kumar .......... appka padane ka tarika mujhe bahut achha laga

[@myspace8150]

U r a very good teacher... Though m not a commerce student still i understand this very easily...

[@meghamidya8209]

Thank you so much sir really i was struggling with this topic for a long time this helped me a lot.

[@shraddhakapse1750]

Thanku so much sir....😘❤ very well explaining you sir I really understand very well thanku so much ❤😘😘 thanks for uploading this video...❤❤

[@seenearswebcode3070]

laaaaaaaaaaa your concept is unique sir .... easy explained

[@shrutipandey8235]

Sir apki voice bohot achi hai n explanation is just awesome 🥰🥰🙏❤

[@solomanshorts2085]

Sir aap ka jaisa teacher ki zarurat hi Love u my fav teacher❤️❤️❤️

[@NomadRed]

Thank you for explaining it so well. It really helped 🙂

[@HITMAN-dk3fc]

No worry's papa sath hai hamare😂😂 Loved the way he teach❤️❤️

[@lilmindofcuriosities]

Kuchh bhi

[@muskanpatel6997]

Thank you so much sir for making me understand these concepts so easily. 🙏

[@washim0.345]

Sir you are amezing 🥰🥰🥰 ....Esha samjaya aapne ne ki ache se aagya mene pure 1 saal tutsion nhi kya onlien me samaj nhi ata tha to sir aaj aapne pura bheja khol diya

[@Rmjan8779]

Aap bohot ache se sikaathey hai sir ji...Mujhe pehli baar umeed mili hai k I'll pass my exam 😋😋😋

[@gstetah5614]

THNQUUU

[@meenasoni7500]

Your teaching is amazing

[@Ramsha591]

Thankyou so much sir bcoz of you i find my study easy in these hard times

[@nirmalmohanty4901]

Thanks for teaching us. Mind blowing

[@shivanibhatnagar4496]

'papa sath h humara' fav line sir ..or osm lecture 🥰🌹

[@RahulKumar-jc4mg]

Very nice

[@birjurai4510]

hello sir, your way of teaching is super.... for your kind suggestion; make a series of your videos( topic explanation to journal entry to balance sheet videos) in one link. so that the viewers may find more convenient to get your lecturer videos with one click. although i am a new learner (civil engineer), i am on the way of completing my business proposal with the help of your lectures and others too. take my comment positively.

[@samarandfreefireofficial3724]

🙏

[@sandeepjadhav6828]

Tq sir

[@sahiltratha1030]

Sir ek company or firm me kon konsi chizo ka dyan rekhna prta h ... Accounts maintain rekhna k lia

[@komalrathore7973]

Thank you so much sir bohot time se balance sheet Banti nhi thi Aapke btaye hue tarike se esy hai❤️

[@assamcommercecareer2023]

Very Nice explanation. You are doing great for Students. God bless you.

[@RakhiDSuralkar_]

Finally got good teacher for account .......... I really need this video... I went many videos on youtube related to this topic finally I got the good teacher...... Such a good explanation ......Thankyou so much sir......

[@shabeenabanu1138]

Thanks sir this video was out standing

[@bholatandi8461]

Thank you very very very much sir ye mere exam me bahut kam me ayega ap kitna simple se samjaya thank you sir

[@hammadrashidawan]

Great work Sir. Understood every single thing you asked. Like From Pakistan.

[@iqrazoha9100]

Best explanation ever found thank you so much sir it helped me a lot and "papa" part was awesome 👍👍👍👍

[@tejaswinid8300]

Toooo good sir. Thank you sooo much🌸❣️

[@soundaryar3124]

Your videos are really helpful sir thank you so much 😊.....please do make more videos. Ur explanations are wonderful

[@dijulverse8572]

thank you so much sir tommorow is my exam ❤️ it helped me so much ❤️🤗

[@nickversemusic]

Am a non commerce to commerce student and I had so much confusions in my head, you cleared all my queries thank you ❣️🙏

[@Sheoran77]

Sir ji You are the best sir.I see your first video and I become fan if you sir you are awesome thank you so much 🙏🙏😊👌🙏😊.

[@live_with_miss_simmi2949]

Thank you so much sir... Next week se mere finals exams hai Telangana mein mujhe bilkul bhi nahi pata tha trading account aur profit and loss account aur balance sheet kaise kare ye question humare exam mein 20marks ke liye aane wala hai finally i have learnt it😭❤️huge respect ❤️

[@practicegamer5998]

Thank you for explaining I love your explanation

[@sanjaisharma8924]

An excellent and simple teaching methodology , good content in easily understandable Hindi language. Thanku sir

[@SsamJi]

Beautifully explained :) Now i got clear concept of three, previously i am confused, what to do with trading, p/l and B/s. thanks alot sir

[@ashishkkumara3699]

Thanx! thanx! thanx 😊 sir Aapne bahot bahdiyaan se samjhaya hai 😍 Thank you sir 😊

[@ashishkumarjha5918]

Best Teacher of Accounts

[@sangramjitchakraborty7845]

Thank you for this video. Helped me a lot in my engineering economics class.

[@er.biswajitdas7684]

Same here

[@weirdothings8672]

Which engineering your are doing... Do all engineering courses includes this??

[@er.biswajitdas7684]

@@weirdothings8672 I am from CSE.... But it is in almost all branch in any sem

[@sangramjitchakraborty7845]

@@weirdothings8672 Im in CS. All engineering courses in India include this as a compulsary subject as far as I know. Can't say about other countries.

[@geetagupta3682]

Hy Sir u r explained superb

[@noorulain395]

Sir your way of teaching is too much nice and easy we understand all problems very easily 🥰

[@satyampathak3491]

thank u so much sir ye aapne jindgi bhar k liye yaad kara diya papa,,,and laaa formula❤🙏🏻

[@vittusharma1562]

Sir your videos are really very helpful for Non commerce students. Thank you for beautiful efforts☺️

[@ShivaniKumari-og1yp]

Thnku sir g

[@ShivaniKumari-og1yp]

Sir hme kse pta Hoga ke je indrct h

[@navneetsharma6020]

Nice vedio

[@amtulkhadernoori159]

Thank you for response sir nicely explained

[@bitik9847]

Best video on this topic. Simple and well explained sir

[@aarmaanghosh1525]

Am Watching this Video the Night before my Exam and it's so much help... 👍🏻

[@chizacreative4497]

very well explained brother , thanks.

[@nitingoel]

Welcome dear. Keep learning and keep sharing to promote the channel grow fast 🤑✌😊

[@akileshsharma2523]

Thanks for the great lesson sir.

[@nitingoel]

Keep learning and keep sharing to promote the channel grow fast 👍✌😊

[@karnajitthounaojam4423]

Too good sir. Teaching so cool and calm and simplied 👌

[@shilpathakur5995]

Tremendous video thanks sir for non commercial background students 🙏

[@VikasKumarVk]

You are really doing well sir ! Really we don't need any tuition

[@nitingoel]

Thank you so much for such appreciation of my efforts. Bas to phir Share kardo apne friends ko so that kam se kam tuitions ki requirement feel ho sabko. 👍👍😊😊 Good Luck for exams.

[@Rahuulkumaarr]

Thank you very much sir.. now I am going for a interview and this vedio help me a lot 🙏🙏

[@nitingoel]

All the best Rahul for your interviews. It would be my happy moment if you will get benefit in your interview. Will wait for your update. ✌✌😊😊

[@shivanibharti17]

How was your interview dear?? I wish it was good 😊🙂🤗ryt?

[@Rahuulkumaarr]

Abousoutly it was great experience in my life and I did my best

[@alfiyaansar8034]

Sir Your teaching methods are ingenious 🔥

[@RAViNDRASiNGH-hp4be]

Very very good sir, your way of teaching is very very good, love it, thnk you so much sirrrrrrrrr

[@fameedabanu8171]

Tqsmch sir for beautiful way to find out trading account

[@gudiyasaini1024]

I m a science student... Bt accounts u teach is vry NYC

[@nitingoel]

Thanks Dear. Keep learning and keep sharing to promote the channel grow fast 👍✌😊

[@prachibadaskar1009]

sir , this teaching helps me for clearing doubts of accounting

[@venkatsaipadishala1916]

U r very natural sir. Unlike other KZbin change you are not talking to camera.It seems you are talking to us directly.

[@nitingoel]

Thanks Dear. Do visit my Website www.nitingoelclasses.com for all videos on all the subjects and keep sharing to support 😊🙏

[@subhamann1395]

Sir, if someone take a loan of 50,000 on 1st April 2019, and his EMI is 3000. Then what will be the balance sheet as on 31st March 2020 ?

[@ayeshadania2123]

Finalllyy yay yay tysm sir🙆🏻‍♀️

[@RajKumar-vi6dm]

Sir, Final Account and Financial Account dono Account me between hai sir plzz tell me

[@akashnishad2402]

Pahli baar video skip nhi kiya thank u sir

[@gokulanil2539]

Well explained. Was really helpful 👍. Thank you

[@RaviYadav-zt2fr]

thank your sir very helpfull for everyone and easy to understand

[@nitingoel]

Thanks Dear. Keep learning and keep sharing to promote the channel grow fast 👍✌😊

[@adityasrivastava6881]

sir thank you so much..just bcz of u nd ur efforts i hav completed my M.com with very good remarks.i hav to say that there is no proper class nd lectures in BRA Bihar University,Muzaffarpur so i had joined ur lectures nd it helped me a lot in my study.thank you so much sir.i shall remain oblighed to u fr this sir. With Best Compliments💐 Aditya

[@suman56625]

Thank You, this is going to be very helpful for my SAS exams

[@gamernp9100]

Thaks for understand for all Management student 🥰🥰i am proud of u sir