Journal Entries Part-2 | Goods, Inventory & Purchase–Sales Entries | Class 11 Accounting
Автор: StudyyE-zee
Загружено: 2026-01-02
Просмотров: 17
Описание:
In this video, we continue Journal Entries – Part-2, where we focus on entries related to Goods and Inventory in Accounting.
This lecture is specially designed for Class 11 Accounting students and beginners who want to understand journal entries in an easy and practical way.
🔹 Topics Covered in This Video:
i) Meaning and Definition of Goods
ii) What is Inventory / Stock
iii) Purchase of Goods – Journal Entry
iv) Sales of Goods – Journal Entry
v) Purchase Return (Returns Outward)
vi) Sales Return (Returns Inward)
vii) Concept explained with simple examples
🔹 You Will Learn:
i) How to identify debit and credit in goods transactions
ii) Difference between purchase & sales
iii) Difference between purchase return & sales return
iv) How these entries are recorded in the Journal Book
This video will help you build a strong base of accounting and prepare you for exams and practical problems.
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