Oh my you're my savior ❤️ we studied this in college but didn't understand most of it until I have watched your video. Didn't know that this is very simple and easy to understand and it's because of the ways of your teaching. Hoping that all teachers are like this in school.🥺 Thank you for this. Keep making tutorial videos, you're helping a lot of people. More power to you ✨
One of the greatest teachers i've ever seen. Actually i'm from science stream.but his teaching made me to understand the completely new topic with ease
Wooow!!!!! For once I have understood this. I used to seeing it as difficult one, but you've made it very easy. Thanks so much. You deserve many likes and subscribers.. The best teacher ever....
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
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
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
You are not only teaching us accounting but also improves our English , Why i not found you earlier you are amazing your effort for us is mind blowing 😊
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 😊
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.
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.
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?
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
Where are you living.....I just loved your way of teaching..you don't know how you help me in ny all sessions i'm in 3rd semester B.com. but I watched your all previous videos I request you, if you read my comment please reply me,I wait for it...lots of love and wishes.....god always bless you❤️
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
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.
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
