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To determine the profit and loss on the P&L account, only the expense and income accounts of the posting entries are posted to the P&L account. The determination of the closing balance then gives the amount of the profit or loss and is posted to equity. #businessadministration #accounting #booking #taccounts #shouldhave #simplyexplained #learningvideo #herrtafelschwamm ____________________________ 0:00 Introduction 0:18 Analyzing posting entries 2:29 Determining profit in the P&L account 6:09 Posting profit to equity 7:32 Determining loss in the P&L account 9:17 Posting loss to equity _________________________________ I really hope that this video helped you understand the topic better :) Since 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...