Posting with profit and loss accounts! Understanding expenses and income and how to post them to the P&L and equity!
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As soon as we have mastered the inventory accounts, we have to deal with the profit and loss accounts. Whenever equity is affected, these are profit and loss accounts. The expense and income accounts ultimately determine the profit or loss on the P&L account and are then closed via the equity account. #businessmanagement #accounting #booking #taccounts #shouldhave #simplyexplained #learningvideo #mrtablesponge ____________________________ 0:00 Introduction 0:44 What are profit and loss accounts? 2:36 Everyday example for a better understanding 8:10 Posting with inventory accounts 9:40 Posting with profit and loss accounts 11:37 Processes on the equity account 14:16 Posting with income accounts 17:27 Posting with expense accounts 19:33 Closing via the P&L account and equity ____________________________________ 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 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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