Class 11th Accountancy Recording Of Transactions II

Описание: In this video, we will continue our discussion on recording transactions and move on to more advanced topics. We will start by discussing the trial balance, which is used to check the accuracy of the accounting records. We will learn about the purpose of the trial balance, its preparation, and its limitations.

Next, we will delve into the topic of adjusting entries, which are necessary to ensure that the financial statements accurately reflect the company's financial position. We will discuss the different types of adjusting entries, including accruals and deferrals, and learn about their purpose and preparation.

We will then move on to the closing entries, which are used to close out temporary accounts at the end of the accounting period. We will learn about the different types of temporary accounts and their treatment during the closing process.

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For all classes video lectures Subscribe to our YouTube Channel.
About Our Channel - PrepOnGo The Best Online Learning Channel which provides all classes video lectures. We try to help the students understand lessons by visualising the concepts through illustrative and interactive videos.

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