Posting with profit and loss accounts - determine the profit/loss of the T-accounts on the P&L account and post equity!
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As soon as the entries have been made on the T-accounts, the profit and loss accounts (i.e. the expense and income accounts) must be closed and the closing balance must be posted to the P&L account. The closing balance of the P&L account then shows us whether we have made a profit or loss and we post this to equity. ___________________________ 0:00 Introduction 0:34 How to find the profit and loss accounts 3:37 Closing profit and loss accounts and determining profit 8:47 Posting profit to equity 10:09 Closing profit and loss accounts and determining loss 12:32 Posting loss to equity ____________________________ #bwl #accounting #booking #tconten #shouldhave #simplyexplained #learningvideo #herrtafelschwamm ____________________________ I really hope that this video has helped you to understand the topic better 🙂 Since I am certainly not infallible, I am always grateful for praise and criticism so that I can do it either just as well or even better next time 😉 If you have any topic requests because you have a class assignment or an exam coming up or you just want to know more about a certain topic, then feel free to write to me in the comments under the videos or directly by message on Instagram: @herrtafelschwamm / herrtafelschwamm You will find a few playlists attached, that could 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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