TRADING AND PROFIT AND LOSS ACCOUNT ( INCOME STATEMENT PART 1 ) FINAL ACCOUNT OF A SOLE TRADER

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  • Опубликовано: 24 янв 2025

Комментарии • 202

  • @MwangiKamau-w7n
    @MwangiKamau-w7n 2 дня назад +1

    great job i like your work

  • @Vincent-q9p
    @Vincent-q9p 4 дня назад +1

    best teacher ever

  • @cassielczambia669
    @cassielczambia669 8 месяцев назад +19

    YOU'RE DOING A GREAT JOB SIR...I;M IN UNI STUDYING ACCOUNTANCY AND YOUR TUTORIALS HAVE BEEN SO HELPFUL...GOD BLESS YOU

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  8 месяцев назад

      We have a lot to learn together ❤️📚✅. Where are u watching me from?

    • @cassielczambia669
      @cassielczambia669 8 месяцев назад

      @@a.eaccountingtutorials6593 Watching from Zambia😊📚

    • @papajagne1881
      @papajagne1881 7 месяцев назад +3

      Let’s also help him by subscribing to his channel and liking his videos

  • @ericawotwe8991
    @ericawotwe8991 9 месяцев назад +3

    Well explained sir.
    Thanks you i really like it

  • @Ridgemont-zr7sd
    @Ridgemont-zr7sd 9 месяцев назад +3

    U are my hero ❤❤❤

  • @AKHONAMNGUNI-h9x
    @AKHONAMNGUNI-h9x 10 месяцев назад +4

    You're the best

  • @JosphineNgila
    @JosphineNgila 7 месяцев назад +3

    Im loving your guidelines from kenya,thank you so much

  • @OmoleEsther-ij5cs
    @OmoleEsther-ij5cs Год назад +5

    Thank you sir for your teaching, it's make a lot of things clear to me, more knowledge, kudos to you sir 💕.

  • @RolexOgutu
    @RolexOgutu Месяц назад +2

    Thank you my teacher

  • @priscamsiyunyi9567
    @priscamsiyunyi9567 Год назад +2

    Thank you very much sir this has really helped me 🙏

  • @maggienachilongo8075
    @maggienachilongo8075 9 месяцев назад +2

    You the best so far, keep it up

  • @INNOCENTMULUWA
    @INNOCENTMULUWA 3 месяца назад +2

    One of my favorite❤❤

  • @AzizaGapara
    @AzizaGapara 2 месяца назад +1

    Thank you sir...so helpful🤝

  • @graykatana7361
    @graykatana7361 Год назад +2

    Thank you brother

  • @MunsanjeKalimbika
    @MunsanjeKalimbika 9 месяцев назад +3

    Thank you sir

  • @GodwinEmmanuel-d4i
    @GodwinEmmanuel-d4i Год назад +2

    Very good sir ineed all video of the lessons you have taught

  • @evashelmith
    @evashelmith Год назад +4

    Thanks a lot sir well examplain

  • @AbdinasirMuhumed-n7k
    @AbdinasirMuhumed-n7k 10 месяцев назад +1

    Thank you sir 🙏I have understood more

  • @EstherAntony-bt8uv
    @EstherAntony-bt8uv Год назад +2

    God bless you sir

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  2 года назад +7

    SUMMARY OF INCOME STATEMENT
    Sales. XXX
    LessReturn inwards. XXX
    Net sales. XXX
    Less Cost of Sales. XXX
    Gross profit XXX
    Add other income. XXX
    Less Operating EXP. XXX
    NET PROFIT. XXX

  • @NorrahNorren-ry6rm
    @NorrahNorren-ry6rm Год назад +2

    Thanks alot😌

  • @NancyGabriel-dk8im
    @NancyGabriel-dk8im 10 месяцев назад +3

    Thanks sir❤

  • @MariamLadislaus
    @MariamLadislaus Год назад

    Thank you sir I need all videos of this topic

  • @pstrebeccaboima1012
    @pstrebeccaboima1012 Год назад +1

    Thank you so much

  • @lilianakinyi5273
    @lilianakinyi5273 2 года назад +1

    Thanks very much. Be blessed

  • @busingyenamara5620
    @busingyenamara5620 2 года назад +5

    This is exactly what I was looking for 🥰🥰a million thanks

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  2 года назад

      I’m there for you people. Let’s subscribe to the channel and make it big. We have so many things to learn together 📚📚❤️❤️

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  2 года назад

      I’m there for you people. Let’s subscribe to the channel and make it big. We have so many things to learn together.📚📚📚🔥❤️❤️❤️

  • @RaphaelMirieri-oj8ez
    @RaphaelMirieri-oj8ez 7 месяцев назад +2

    Thanks for the good work

  • @mohammedtejan
    @mohammedtejan Год назад +2

    thank you, it makes me understand a lot now 👍

  • @DengoMajur
    @DengoMajur Год назад

    Thanks you so much brother

  • @ConfidenceMonday-tc4fp
    @ConfidenceMonday-tc4fp 10 месяцев назад +2

    I really appreciate

  • @VincentO.ochieng
    @VincentO.ochieng Год назад +9

    Kudos from Kenya 🇰🇪 now do it in questions with additional information

  • @virginiajelimo4682
    @virginiajelimo4682 2 года назад +2

    Am studying online am gonna subscribe next semester when I take accounting am going to learn from you thank you

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  2 года назад

      I’m waiting for you to subscribe. We have so many things to learn together. Together we grow.📚❤️🔥✅

  • @EdithMoyes
    @EdithMoyes Год назад +2

    You have saved me❤❤❤❤🎉

  • @MaameEfuah-s8g
    @MaameEfuah-s8g Месяц назад +1

    I really love ut

  • @JulianaOkon-f6c
    @JulianaOkon-f6c 5 месяцев назад +2

    That's superb

  • @edwardjohnson2947
    @edwardjohnson2947 10 месяцев назад +1

    Very helpful 💯🙌

  • @JoramUganda-uh8ry
    @JoramUganda-uh8ry 4 месяца назад +1

    Well done,,,it's really helping me

  • @JosephOsei-ps2ce
    @JosephOsei-ps2ce 11 месяцев назад +2

    Very good teaching sir

  • @lawrencenyinge
    @lawrencenyinge 9 месяцев назад +1

    Very helpful❤

  • @SahVoevin
    @SahVoevin 2 месяца назад +1

    It was really helpful 😘

  • @BeatriceMaseko-kk4cn
    @BeatriceMaseko-kk4cn 9 месяцев назад +1

    Nice work teacher❤

  • @JacobBatiloLebbie
    @JacobBatiloLebbie 10 месяцев назад +1

    Tnx u very much sir ❤❤

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  2 года назад +4

    NOTE: Adjustment made on purchases are done in the trading account (INCOME STATEMENT)

  • @user-iz3fe6fn5i
    @user-iz3fe6fn5i Год назад +2

    God bless you

  • @calvinleonarld9695
    @calvinleonarld9695 Год назад +3

    I really understood,very good teaching 👏 👍

  • @nafisatladi9421
    @nafisatladi9421 2 года назад +3

    Thanks man really i missed this lecture but now you made it all clear, you're blessed bro

  • @JessicaAgi
    @JessicaAgi 7 месяцев назад +3

    I understand better ❤

  • @syatulehasamuel3272
    @syatulehasamuel3272 10 месяцев назад +1

    Awesome Sir

  • @Sandipsapkota31
    @Sandipsapkota31 Год назад +2

    thank you sar❤❤❤

  • @JoyceKakaula
    @JoyceKakaula 9 месяцев назад +2

    Which coarse can you study for you to be teaching principle of accounts and commerce

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  9 месяцев назад +2

      To teach principles of accounts and commerce, one can study courses such as:
      1. Bachelor's degree in Accounting or Commerce
      2. Bachelor's degree in Education with a focus on Business Education
      3. Postgraduate diploma in Education with a specialization in Accounting or Commerce
      4. Professional qualifications such as ACCA (Association of Chartered Certified Accountants) or CIMA (Chartered Institute of Management Accountants)
      5. Continuing professional development courses in teaching methodologies and curriculum development specific to accounting and commerce subjects.

    • @JoyceKakaula
      @JoyceKakaula 9 месяцев назад

      @@a.eaccountingtutorials6593 alright
      So which of these courses is the best

  • @pesidickson8636
    @pesidickson8636 Год назад +1

    Great minds 🤝

  • @KarmaalphaNelsonngelay-um6uh
    @KarmaalphaNelsonngelay-um6uh 8 месяцев назад +1

    Thank you

  • @TumukundeKenneth-u2q
    @TumukundeKenneth-u2q 4 месяца назад +1

    I love it

  • @HafisahAcquah-i8s
    @HafisahAcquah-i8s 13 дней назад

    God bless you.
    I understood everything

  • @Isaiahmuli-j9f
    @Isaiahmuli-j9f 3 месяца назад +1

    Amazing 🎉

  • @Learnlyf
    @Learnlyf 10 месяцев назад +4

    Thank you very much sir 🙏🙏

  • @Mbagorozikijeanclaude
    @Mbagorozikijeanclaude 9 месяцев назад +1

    Think you your help

  • @RIFARIRICHARD
    @RIFARIRICHARD Год назад +1

    Thx sir

  • @LukaDut-fk8jd
    @LukaDut-fk8jd 9 месяцев назад +1

    Awesome❤

  • @ntosobubuane9542
    @ntosobubuane9542 7 месяцев назад +1

    Great bro

  • @AtukundaMarvelous-q2y
    @AtukundaMarvelous-q2y 2 месяца назад

    Well done sir😊

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  6 месяцев назад

    MANUFACTURING TRADING PROFIT AND LOSS ACCOUNT WEII EXPLAINED. Click on this link to watch my video by A.E ACCOUNTING TUTORIALS. ruclips.net/video/blipnXS5RiA/видео.htmlsi=dQvf_9Cr1R6ukF01

  • @briankirwa1788
    @briankirwa1788 Год назад +1

    Kudos from kenya

  • @SusanThomas-k8u
    @SusanThomas-k8u 16 часов назад

    Thanks for the insights! Just a quick question: I have a safepal wallet with USDT, and I have the 12word phrase: ( proof inner hobby bounce blouse able donate virtual luggage cart morning ticket ). How can I send it to Binance?

  • @JamesLungu-r3i
    @JamesLungu-r3i Год назад +1

    Wonderful lesson sir

  • @StellaKoyolo
    @StellaKoyolo 7 месяцев назад +1

    Depreciation topic

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  7 месяцев назад

      ruclips.net/video/grBUzXICrRk/видео.htmlsi=9R7aQlT9Rf09S5NP. Click on the link to watch my tutorial on depreciation

  • @emmanuelappiah8148
    @emmanuelappiah8148 Год назад

    I really enjoyed your class. Thank you sir

  • @sulaimansaidu3126
    @sulaimansaidu3126 6 месяцев назад +1

    Clear explanation,...very easy to understand.. Key challenges during the exams are the adjustments to final Account. You were able to clarify postings for most of the adjustments. cheere

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  6 месяцев назад

      You can even click on this link to watch detailed explanations of all adjustments ruclips.net/video/V6rqTptCRRY/видео.htmlsi=ShMKwUuCnomTayml

  • @JessicaAgi
    @JessicaAgi 7 месяцев назад +1

    I understand better

  • @OmomejiDeborah
    @OmomejiDeborah 4 месяца назад

    I'm i too add outstanding wages in the trading account?

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  6 месяцев назад

    Click on this link to watch control accounts ruclips.net/video/s1Ym4v1l8oU/видео.htmlsi=VHP3Tgkr4EoLpPtn

  • @georginanimakwaah4785
    @georginanimakwaah4785 2 года назад

    Your videos are very helpful sir

  • @IbrahimOlanrewaju-x5c
    @IbrahimOlanrewaju-x5c 11 месяцев назад

    Very good sir

  • @carolynashley4650
    @carolynashley4650 2 года назад

    Greatest Mr Luca Paciolo

  • @progresswisdom9462
    @progresswisdom9462 6 месяцев назад

    Good job

  • @talasoelema7779
    @talasoelema7779 11 месяцев назад +2

    Do we us kasneb student use the same format please

  • @nansambaamiirah6090
    @nansambaamiirah6090 8 месяцев назад +1

    What are direct wages and examples

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  8 месяцев назад

      Direct wages are Remuneration paid to persons providing direct labor. Thus wages paid to workers whose services can be directly traced to a particular cost centre or cost unit.

  • @jackieblessing1743
    @jackieblessing1743 2 года назад +1

    This is so helpful sir thank you so much 🙏

  • @sweetcarocuisine8771
    @sweetcarocuisine8771 2 года назад +1

    please add the balance sheet. And thanks so much

  • @yuhwamsilas6149
    @yuhwamsilas6149 Год назад +1

    Thanks pls I need your non profit making organization account video

  • @ShowmanTwelve
    @ShowmanTwelve 2 месяца назад +1

    Man you dey force o

  • @MissBeet
    @MissBeet 5 месяцев назад +1

    Where do you record carriage outwards

  • @austinemoono
    @austinemoono 4 месяца назад

    Am trying to understand

  • @ManassehMisroame
    @ManassehMisroame 5 месяцев назад +1

    Sir please where will u place carriage outwards

  • @EmanuelMshiha-kb3gl
    @EmanuelMshiha-kb3gl 11 месяцев назад +2

    Hello sir sorry here am try to solve according to your formart but I don't understand some depreciation is intered where

  • @rtcplaxie7830
    @rtcplaxie7830 9 месяцев назад

    Where do u put capital in income statement

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  Год назад

    Click on this link for correction of errors. ruclips.net/video/q_iEnTiF6zk/видео.html

  • @francamerveille-xp2wd
    @francamerveille-xp2wd 7 месяцев назад +1

    Please do it in a question form

  • @KaddyNjie-r6z
    @KaddyNjie-r6z Год назад +1

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  Год назад

    New video on IAS 16 property plant and equipment. ( Financial Reporting ). ruclips.net/video/hP4JIjt6LuI/видео.html

  • @BIGMUMIN7k
    @BIGMUMIN7k 9 месяцев назад +1

    Which coarse can you study in accounting please

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  9 месяцев назад

      There are various courses that one can study in accounting, including:
      1. Bachelor of Science in Accounting
      2. Bachelor of Business Administration in Accounting
      3. Master of Accountancy
      4. Certified Public Accountant (CPA) Exam Preparation Courses
      5. Chartered Accountant (CA) Certification Programs
      6. Certified Management Accountant (CMA) Certification Programs
      7. Accounting Technician Programs
      8. Forensic Accounting Courses
      9. Taxation Courses
      10. Financial Reporting and Analysis Courses

    • @BIGMUMIN7k
      @BIGMUMIN7k 9 месяцев назад

      @@a.eaccountingtutorials6593 thank you so much sir

  • @akwasiprince2144
    @akwasiprince2144 Год назад

    Under the expense,when a question come in a form of a way that,there is no insuranace but pre paid insurance,will u deduct it from wages

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  Год назад +1

      Insurance generally is an expense so if there is no insurance in the question, then you don’t have to treat it at all.

  • @sundaythankgod-ee9ef
    @sundaythankgod-ee9ef 7 месяцев назад +1

    Very clear explanation

  • @progresswisdom9462
    @progresswisdom9462 6 месяцев назад

    Pls can solve a question on advance financial account

  • @EmilyNzilani-p7x
    @EmilyNzilani-p7x Год назад

    Do we add gross profit with the total incomes

  • @kofiokyere-y3d
    @kofiokyere-y3d Год назад +1

    Boss God bless you

  • @OgbeMadonna-xm3wh
    @OgbeMadonna-xm3wh 5 месяцев назад +1

    Sir, what about Appropriation account and current account

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  5 месяцев назад

      Click on this link to watch the appropriation account ruclips.net/video/y3JSQAsEWto/видео.htmlsi=Tz2-GGOqA2No7Dok

  • @a.eaccountingtutorials6593
    @a.eaccountingtutorials6593  2 года назад

    Click on this link to watch the balance sheet as well. ruclips.net/video/sSdszq0rfds/видео.html

  • @victorinnocent6490
    @victorinnocent6490 5 месяцев назад +1

    You are doing excellently sir. However, there is an observation, an oversight I may say. You at a point said drawings should be deducted from purchases. But drawings is not part of an income statement. It should appear in the balance sheet. Thank you sir.

    • @a.eaccountingtutorials6593
      @a.eaccountingtutorials6593  5 месяцев назад

      I was referring to stock drawings not cash drawings. WhatsApp this number for further clarification +233554260429

  • @MilimoMudenda-rf1rk
    @MilimoMudenda-rf1rk 7 месяцев назад +1

    ✔✔