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....
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 😊
The way he just keeps asking "Is that clear!? Is that clear to you!?" Randomly..... I answered almost 4~5 times sitting alone here "Yes sir"...... Then I realised... Oh wait- I'm alone......
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.
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
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?
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❤️
@@SahebAcademy Wow!! sir I'm really superb glad to hv such a topnotch teacher with exceptional skills from our state...I thought u were from north🤔...hatsoff sir.. thanku very much
Sir, please tell vijay is sold 2000 He paid 1000 So he pay balance 1000 How is it tranction? (Asset increase)Cash a/c 1000. Dr (Asset decrease)vijay a/c 1000cr Is it correct???
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
You have to see it from the POV of business Owner has brought the capital into the business in form of cash. So business has got the capital and cash . Therefore both are increasing.
I can easily understand by seeing your videos thank you for this 😄but I have doubt in bills receivable and bills payable so, can you do a video for that please 😅
⏱TIMESTAMPS
00:00 - Intro
00:08 - Recap
01:34 - Journal Entries
09:19 - Ledger Postings
22:14 - Analysis of Balances
Sir what is your telegram I'd
Sir, it's uesd to MBA students,
Thanks
@@zareenabanu1733 telegram? You mean Instagram I think
Great sir
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 ✨
Glad I could help!
😊
You deserve an award for your outstanding and simplified explanations. I feel more confident in accounting ever since i found your channel.
this is literally the best explanation of ledger accounts and their entries on the entire youtube! stay blessed bro. this saved my ass. thank 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
Best Accounting teacher ever!! Easy and clear. Thank you! Thank you! Thank you!! 💝
U way of explanation is very clear n convenient to everyone I never heard this type of classes before sir tqsm🥰
Sir your most of the videos help me .very good teaching and using simple english.tq sir.
Glad to know that dear😊
True
I love your teachings Sir, very concise and simple to understand. GOD BLES!!!
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....
Amazing explanation I never hear like this before in my life . Keep going
I like your articulation teaching is your talent experience my man ,I have understood what I did not even understand from my physical teacher...
Very much impressed the way you are teaching…… you have an awesome skill of teaching….
sir ........to be frank excellent teaching ,it helped me a lot ,thanks a lot from buttom of my heart .😊
You’re welcome dear.😊
Your teaching is very helpful to understand. Thank you so much. We need more people like you🙏💗
Meticulous explanation. Thanks so much, I understood the concept well.
No but genuinely thankyou so much you’ve actually simplified each and every step and mentioned everything clearly! This video was much needed!!
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
Thank you for your clear explanation with samples it really helps to me.
Amazing ! May you continue lecturing us on this platform. Through your lecture learning has become easy
thank you for giving good information in very simple way, you are presenting like a digitalized online class.
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 have amazing teaching Skills...Thank you for sharing this with everyone...It's really a blessing to have a teacher/ mentor like you..
Best tutor ever ! You are a saviour. Thank you !
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 😊
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👌
The way he just keeps asking "Is that clear!? Is that clear to you!?" Randomly..... I answered almost 4~5 times sitting alone here "Yes sir"...... Then I realised... Oh wait- I'm alone......
😂😂😂
The way you are teaching is best, good keep it up...fruitful lecture
The best explanation in the entire RUclips. Appreciate it.
You are a great teacher, I love all of your lectures.
Allah has given you a special gift. You can make things simpler. Mashallah.
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 love your teachings, its is well understandable.
Seriously ur way of teaching is awesome. It's really help me lot. Thank you soo much
Sir please post 11th and 12exercise sums please sir your teaching is too good very much understood
Superb and awesome the way u teach pls pls pls sir 11,12class accountancy chapters sums are please to be taken class i need ur class sir
What an outstanding way you teach! I had a zero idea on these but now can totally understand only after watching your lessons! Thanks, thanks a lot 🙏🏻
Proud of yourself❤brilliant teaching
You are God of Accounts … really well explained
Yar , I am having no words to express my feelings for the ways through which you have taught ❤❤, Thanks 👍🙏 a lot my brother 😉
Wow your way of teaching is awesome keep it up just love it sir 💖
The most helpful teacher ever ...
Sir, Do one example from the jounal entries to Financial statements ( financial year)
your tutorial makes it easy for all of us..l love your teaching👍❤explained it all well👍
Ur simply superb❤.... I watch it frequently...💜
I wonder how could you manage to reply our queries? and also to give that heart to your favo comments!
But no matters you are a great teacher.
I try and thanks for your comment😊
@@SahebAcademy Not mention by the way. I'm regular student now !
Excellent teaching. Simple and easy to understand
Your good at teaching boss am seeing my self as a master of accounting
Bro plzz 🙏🏻🙏🏻🙏🏻 I need final account 🙏🏻😭😭😭😭 make a vid of it
Hi sir can you give me journal entry for 1. credit sales 2. Credit purchase ?
@@tvsunil5143
Credit purchase:
Purchases a/c ...Dr
To account payable......Dr
For credit sale:
Account receivables a/c...Dr
To Sale..... cr
@@badarswati450 thank you so much
great work brother. the views for this doesnt justify the quality
sir please sir do trial balance and final accounts video sir please sir as soon as possible please sir your explaination is so amazing and thank you
Trial Balance - Concept with Practical Example
ruclips.net/video/w3hhhQxHiwo/видео.html
Thanks for uploading the videos soon.anf it is useful for us
Thank you! good sir. For explaining this with so much passion. God bless you🙏
Thalaiva you are great enna aasirvadham pannunga 🙅♂️
😊
Hat's off to you Sir.... You are just amazing 👏👏👏👏👏👏 got perfect video series on accounts on RUclips.
totally outstanding, your way of teaching is very best ... ALLAH bless you
Thank you so much, you have turned me into a lover of accounting, you are one of the best lecturers thus far. looking forward to the next video
Ur just amazing 😍😍😍
top level teaching 💯💯
Just🔥🔥🔥
Love from a keralite 💙💙💙
Which class?
@@aneetajohnson3875 ca foundation 😇
Sir your explanation is outstanding
Thanks 😊
Journal to ledger account very informative. Thank im learning alot.
Your explanations are so clear , thank you so much I now know and understand the ledger account
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.
Salute 🫡 to you sir Excellent 👌 teaching.
Thank you sir... I was struggling with accounting now am catching up thank you so much
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
Thank you so much brother , god bless you
Thank you very much for very insightful video ot was very helpful wish the best for you with all respect
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?
Thank you so much sir u solve all my problems
☺🥰🥰 YOU ARE THE BEST, VERY SIMPLE AND WELL EXPLAINED🤗🤗 THANK YOU AND PLEASE CONTINUE YOUR WONDERFULL WORK , LASTLY I LOVE YOU😁🙊🙈
Thanks so much for making it so simple for me in particular
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 from Karnataka dear and I am glad videos were helpful for you…May God bless you too😊✨
@@SahebAcademy Wow!! sir I'm really superb glad to hv such a topnotch teacher with exceptional skills from our state...I thought u were from north🤔...hatsoff sir.. thanku very much
At 3:49 why drawings acc.. would not get affected??
Thank you sir your teaching method very good and vey helpful
Thanks
Thanku sir 😊 you have helped me a lot.....
I'm an engineering student and never learnt this in college or school.
Learning entire accountancy from SAHEB'S ACADEMY ❤️
Sir, please tell
vijay is sold 2000
He paid 1000
So he pay balance 1000
How is it tranction?
(Asset increase)Cash a/c 1000. Dr
(Asset decrease)vijay a/c
1000cr
Is it correct???
Sir, You are like a blessing to me!
amazing way of explaining sir. thanks a lot
Excellent teaching sir..Thank you🙏
In fact your explanation is simply and easy to understand. Please sir I want to know the course like you do so please what should I do?
Please make more video related financial accounts please
Sure 😊
You made this sooooo easy.. thankyou 😊❤️
Thankyou so much sir😊 .You have helped me a lot through this .I wonder how would you clarify all the doubts before we get a doubt.
this guy is gold
Thanking you sir
I learned more in this video😀😀
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
Love the way you teach, yeah!🔥🙌
Can you please make a video explaining depreciation chapter please 🥺
Why the cash a/c increases while the capital a/c increases? Shouldn't be cash ac decreased since cash been into capital
You have to see it from the POV of business
Owner has brought the capital into the business in form of cash.
So business has got the capital and cash . Therefore both are increasing.
@@SahebAcademy thank you 💫
I am a computer programmer , i have to manage inventory , ur video help a lot , have u any video about computer accounting ??
Very helpful sir nice explanation
Thank you so much sir for making this wonderful video
OUTSTANDING
THANKS SIR 🤌❤️🫀
Thanku sir revision ho gaya
Sir how to post ' paid to Raif in cash 5000 in full settlement ' ??
World number one trainer
I can easily understand by seeing your videos thank you for this 😄but I have doubt in bills receivable and bills payable so, can you do a video for that please 😅
sir plz explain three column cash book...