Difference between inventory account and profit and loss account - Simply explained with examples and overview! - Herr Tafelschwamm - World Latest Movie, Series, Videos and Trailers | fetery.com

Difference between inventory account and profit and loss account - Simply explained with examples and overview!

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Herr Tafelschwamm

Published on May 16, 2024

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Balance sheet accounts are asset and liability accounts from the balance sheet, have an opening balance and are closed via the closing balance sheet account. Profit and loss accounts affect equity, have no opening balance and are offset against each other in the profit and loss account. ___________________________ 0:00 Introduction 0:13 What is a balance sheet account? 3:39 What is a profit and loss account? 7:09 Printer VS printer paper 9:05 Posting and closing accounts ___________________________ #bwl #accounting #posting #tconts #shouldhave #simplyexplained #learningvideo #herrtafelschwamm ____________________________ I really hope that this video helped you to understand the topic better :) As I am certainly not infallible, I am always grateful for praise and criticism so that I can do either just as well or even better next time 😉 If you have any topic requests because you have a test or exam coming up or you simply want to know more about a particular topic, please write to me in the comments under the videos or directly by message on Instagram: @herrtafelschwamm / herrtafelschwamm Attached you will find a few playlists that might also help you. I will gradually expand the playlists, as I still have countless videos in my head that I would like to implement 😉 Videos on external accounting / posting records and posting on T-accounts: • Basics of external accounting... Exercises on external accounting as preparation for class tests: • Exercises on external accounting... Videos on cost and performance accounting (KLR): • Cost and performance accounting - From the... Videos on business administration: procurement and warehousing: • Business administration: procurement and warehousing - V... Videos on business administration: financing and investment • Business administration: investment and financing - A...

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