Trial balance explained

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  • Опубликовано: 11 ноя 2024

Комментарии • 38

  • @TheFinanceStoryteller
    @TheFinanceStoryteller  4 года назад +2

    Enjoyed this video? Then subscribe to the channel right now, and let's go through some beginner and advanced examples of double entry accounting: ruclips.net/video/EibibVFEkvk/видео.html

  • @ashwinudapikar3290
    @ashwinudapikar3290 5 лет назад +13

    Always nice to brush up finance and accounting skills through your videos :) Keep them coming!

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  5 лет назад +1

      Thank you, Ashwin! Will do. Trying to produce videos on 1 per week schedule.

    • @TWStimes
      @TWStimes 2 года назад

      Oh, are you an accountant? Have you taken the ACCA course?

    • @Dashrosenstock
      @Dashrosenstock 2 года назад

      Why is sales in debit in the analysed cash book, but in credit for the trial balance?

  • @MrYoonKim
    @MrYoonKim 9 месяцев назад +1

    Didn't realize the software for this accounting example at 5:00 was flexible.
    We use that exact software within the Navy for HR

  • @konstancyja82
    @konstancyja82 5 лет назад +6

    Very well explained, as usual!

  • @adventureswithaustin11
    @adventureswithaustin11 7 месяцев назад +1

    YESS saving me for my midterm love the videos btw

  • @InvestingEducation
    @InvestingEducation 5 лет назад +9

    I'm sure this will b v useful for accountants or just ppl interested in it

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  5 лет назад +1

      Thank you! I agree. ;-) It's very important to understand how the accounting process works that ultimately produces the financial statements of a company.

  • @ZMM-vc3sh
    @ZMM-vc3sh 2 дня назад +1

    Thank you

  • @andresv.399
    @andresv.399 5 лет назад +4

    Really good video!!

  • @ivanorpiano1820
    @ivanorpiano1820 3 года назад +1

    Thank You Very Much!

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  3 года назад

      You're welcome, Ivan! 🙂

    • @Dashrosenstock
      @Dashrosenstock 2 года назад

      Why is sales in debit in the analysed cash book, but in credit for the trial balance?

  • @vikashbarnwal4840
    @vikashbarnwal4840 5 лет назад +3

    Hi
    I hope you are well.
    Please can you make video on fixed asset charrt .

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  5 лет назад

      Thanks for the suggestion, Vikash! I will add the topic to my list, and evaluate whether there is enough potential.

    • @Dashrosenstock
      @Dashrosenstock 2 года назад

      Why is sales in debit in the analysed cash book, but in credit for the trial balance?

  • @Wudanspecialist
    @Wudanspecialist Год назад +1

    Where does closing entries go in this

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  Год назад

      Have a look at the follow-up video on how to prepare closing entries: ruclips.net/video/CXiKLtb7tqI/видео.html where we will take about the pre-close and post-close trial balance, where you will learn the difference between temporary and permanent accounts, the transfer of balances to the income summary account, and the subsequent transfer to retained earnings.

  • @Dashrosenstock
    @Dashrosenstock 2 года назад

    Why is sales in debit in the analysed cash book, but in credit for the trial balance?

  • @thebestmemories7697
    @thebestmemories7697 Год назад

    Revenue debit i think

    • @TheFinanceStoryteller
      @TheFinanceStoryteller  Год назад

      Nope, that's not how it is done in the Western world. Have a look at the DC ADE LER video for some of the basics: ruclips.net/video/b93KBmcXanI/видео.html