This video by Mr.Sayed C J, is a detailed explanation on how to prepare a trading account. Watch the video to understand the different types of businesses, the terms used in trading account, the purpose of preparing a trading account and the components of a trading account.
00:09 Introduction
00:28 What is Trading Business?
01:00 Manufacturing Business
01:50 Service Business
03:50 Trial Balance
04:26 Components of Trial balance in a trading account
04:35 Direct expense and indirect expense
04:48 What is trading account?
05:03 Why trading account is prepared
06:18 How to draw a trading account
06:48 What is meant by wages
07:34 Carriage Inward
08:54 How a purchase becomes complete
09:50 Opening Stock
10:11 Closing stock
10:28 Balancing the account
11:00 What is Gross Profit used for
11:25 Profit and Loss account
11:38 Conclusion
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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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22 ноя 2021
