Profit & Loss Account in One Shot 🔥 | Inter 1st Year Accounts TSBIE | Full Explanation + Format
Автор: ranks the institute of commerce
Загружено: 2026-01-27
Просмотров: 27
Описание:
Are you an Intermediate 1st Year (TSBIE) Accounts student struggling with the Profit & Loss Account chapter? Don’t worry — this video gives you a complete, step-by-step explanation in a simple and exam-oriented way.
In this class, you will clearly understand:
✔ Meaning and purpose of Profit & Loss Account
✔ Difference between Trading Account & P&L Account
✔ Expenses recorded in P&L Account
✔ Incomes recorded in P&L Account
✔ Format of Profit & Loss Account (as per Inter syllabus)
✔ How Gross Profit is transferred
✔ How to calculate Net Profit / Net Loss
✔ Important adjustments explained simply
✔ Exam tips to score full marks
This lesson is specially made for:
🎓 TSBIE Intermediate 1st Year Commerce Students
📘 Students preparing for Board Exams
🧮 Beginners who want strong basics in Accounts
If you understand this chapter well, you can easily solve final accounts problems in exams.
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📌 Chapters Covered
00:00 Introduction
02:10 Meaning of Profit & Loss Account
05:45 Format Explanation
10:30 Expenses Side (Debit Side)
16:20 Income Side (Credit Side)
20:50 Gross Profit Entry
24:30 Net Profit Calculation
28:00 Exam Tips
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👉 Watch till the end for full clarity
👍 Like the video if it helps
📢 Share with your friends
🔔 Subscribe for more Inter Accounts classes
Ranks – The Institute of Commerce
Simplifying Commerce for Everyone
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