How to make Financial Statement's- Profit&Loss, Balance Sheet, Cash flow...
This playlist contains tutorials which will help anyone understand the process of making the financial statements for any company or business or profession
(Profit and loss (income statement), balance sheet , cash flow )
Playlist Link - https://www.youtube.com/playlist?list=PL_16BSQMjAHPvmi8TAEtkszyrbRecxO1q
We take a very simple example of just 3 accounts - Commission account , electrical expense account and computer account (bought on credit )
The we teach the whole process of making the journal entries , ledger , trial balance and finally the desired output i.e financial statements after identifying the accounts
The revenue expense (Nominal accounts ) will travel to the income statement (Profit and loss ), the asset and liabilities (real account ) will travel to the balance sheet, and the personal accounts will travel to the balance sheet as assets /liabilities
We also understand what the significance of this financial statements are .....then we study real live company examples and analyse few of the financial statements for worthwhile stocks !
Cheers ,
Amlan Dutta
This playlist contains tutorials which will help anyone understand the process of making the financial statements for any company or business or profession
(Profit and loss (income statement), balance sheet , cash flow )
Playlist Link - https://www.youtube.com/playlist?list=PL_16BSQMjAHPvmi8TAEtkszyrbRecxO1q
We take a very simple example of just 3 accounts - Commission account , electrical expense account and computer account (bought on credit )
The we teach the whole process of making the journal entries , ledger , trial balance and finally the desired output i.e financial statements after identifying the accounts
The revenue expense (Nominal accounts ) will travel to the income statement (Profit and loss ), the asset and liabilities (real account ) will travel to the balance sheet, and the personal accounts will travel to the balance sheet as assets /liabilities
We also understand what the significance of this financial statements are .....then we study real live company examples and analyse few of the financial statements for worthwhile stocks !
Cheers ,
Amlan Dutta
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