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.

[@charuchugh4963]

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

[@coolvibes5896]

Anyone watching 1 day before exam 😂😂

[@parthpatel14004]

😂🙋‍♂️

[@entertainmentworld-w7i]

🙋😅😅

[@pratibhagiri1791]

🙋😅

[@halimaahmad4778]

Me watching same day of the exam 😬😬

[@laxmiYadav-zh3vr]

Yes

[@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

[@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 🙏😊

[@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😍😍

[@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 🙏🙏🙏🙏🙏🙏🙏🙏👍👍👍👍👍👍👌👌👌👌

[@ramu992]

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

[@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..

[@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

[@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

[@aashutoshsinha1253]

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

[@shakilsumy]

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

[@religarestockbrokerpancent8726]

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

[@punamagarwal6189]

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

[@badrinathshanker4040]

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

[@ashishkumarjha5918]

Best Teacher of Accounts

[@anonymous-tr4si]

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

[@anujoshi6182]

Yess

[@sauravyadav2117]

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

[@rishabhbhatia4258]

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

[@hardikupadhyay1611]

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

[@rahuldahiya1694]

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

[@ashishkkumara3699]

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

[@jayj9924]

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

[@niteshjha8842]

My Most fav channel for all Accounting topics...

[@RakhiSDSuralkar]

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......

[@vish2901]

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

[@titanpower1368]

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

[@The_Indian_Treasurers]

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 😜

[@शशांक-फ8स]

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

[@masoodahmedshaikh3640]

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

[@soloman0077-z2m]

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

[@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

[@myspace8150]

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

[@sakinabanoo782]

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

[@omerbhatstudycenter7914]

Preparing for FAA

[@aarmaanghosh1525]

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

[@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 🙏💕

[@divyangupadhyay565]

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

[@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

[@ulfatrajput4148]

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

[@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

[@gamernp9100]

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

[@sanjaisharma8924]

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

[@bholatandi8461]

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

[@nickversemusic]

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

[@shankerpatel-eu8ik]

Well explained👧👧👧sir, thank you so much

[@meenasoni7500]

Your teaching is amazing

[@VimleshYadav-n7f]

Nice guru ji satisfied vdeo

[@geetagupta3682]

Hy Sir u r explained superb

[@ManpreetKaur-yy5tm]

You are the best teacher

[@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.

[@anujojha3718]

Aap ne bhut bdi problem solve ki hai thank you sir

[@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

[@komalrathore7973]

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

[@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

[@lkjewellers968]

Thanks for explaining so wonderfully. Appreciate your hardwork

[@kbilalahmad7438]

Thank you Sir Learnt lot from your lectures Want to know Is discount allowed expense or loss(if asked in mcqs) What is deposit in transit In BRS Is it added to bank balance Substracted bank b Substracted from cash book Added to cash book b

[@gamernp9100]

Lado

[@cakewalk4602]

it's expense bro

[@alfiyaansar8034]

Sir Your teaching methods are ingenious 🔥

[@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,,,:)

[@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 😊🙏

[@seenearswebcode3070]

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

[@helpman3823]

Very good sir awesome work

[@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

[@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

[@shraddhakapse1750]

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

[@nirmalmohanty4901]

Thanks for teaching us. Mind blowing

[@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 🙏🙏😊👌🙏😊.

[@shrutipandey8235]

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

[@iqrazoha9100]

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

[@rishisandotra9139]

Way of teaching is awesome 👍

[@shabeenabanu1138]

Thanks sir this video was out standing

[@amarsharma2511]

Very nicely explained all points.

[@_mr__g5543]

Wonderful sir❤️❤️❤️❤️

[@asthana.comedy]

Thanks You are the best teacher

[@maneephoodacomm.438]

Explaining method is excellent sir👍👍

[@vanshkanaujiya6438]

Hi

[@vaishalisaini5850]

Very smart teaching and you sr 😁😁

[@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

[@satyampathak3491]

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

[@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 👍✌😊

[@sushmasahu4713]

Very good teaching.thanx

[@shivanibhatnagar4496]

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

[@RahulKumar-jc4mg]

Very nice

[@aradhanayadav6210]

Thank you so much you makes concept very useful video and easy ❤️❤️

[@siddhimapandey9984]

👀👋👋

[@djvinay4235]

Sir you are a great I have a no words....🙏🙏🙏🙏🙏 thanks sir

[@nitingoel]

Keep sharing the channel. And also follow on Instagram and Facebook Nitin Goel Classes 😊👍👍

[@djvinay4235]

Nice

[@dishajain1227]

Ab bahut Achcha accounting padhte Hain Mere account mein improve a Gaya sir

[@justindsouza8286]

There was a difference of ` 430 in a Trial Balance. It was placed in the Debit side of Suspense Account. Later on the following errors were discovered. Pass the rectifying entries and prepare the Suspense Account : (i) Purchase Book was overcast by ` 100. (ii) Sales Book was overcast by ` 1,000. (iii) Goods for ` 800 purchased from Umakant, though entered in the Purchase Book has not been posted to his account. (iv) An amount of ` 500 has been posted to the credit of Commission account instead of ` 570. (v) Goods sold to Bharati for ` 4,400 has been posted to her account as ` 4,000. (vi) Goods sold to ‘X’ for ` 750 were recorded in the Purchases Book. Please can you explain how to solve this question ?

[@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 ❤️

[@HITMAN-dk3fc]

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

[@lilmindofcuriosities]

Kuchh bhi

[@prachibadaskar1009]

sir , this teaching helps me for clearing doubts of accounting

[@akileshsharma2523]

Thanks for the great lesson sir.

[@nitingoel]

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

[@soundaryar3124]

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

[@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

[@hammadrashidawan]

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

[@ravindrachoudhary7395]

Well explanation sir.know my concept are completely clear and ya thank you so much for 'papa'wala part😇

[@vishalchaudhary7931]

Thanks for comment

[@akashnishad2402]

Pahli baar video skip nhi kiya thank u sir

[@tejaswinid8300]

Toooo good sir. Thank you sooo much🌸❣️

[@murarilalagarwal6256]

Very easy explanation 👍👍👍👍👍👍

[@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 👍✌😊

[@Ramsha591]

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

[@nxtankitff4651]

Nice👍

[@mady_9902]

It is very useful for me thanks

[@theinvincible3523]

12:50 This is the most important point.

[@marufalombarbhuyan5304]

Thank you so much Sir This video is really helpful for me 🙏