In this video, the teacher explains the concept of debit and credit in accounting, using examples of different types of transactions and accounts. The video covers the rules for personal, real, and nominal accounts, and provides a...

In this video we learn about basic accounting principle and its need,also explain the what are the needs for principle,new thing is you learn in this session is that GAAP,Entity Concept,Going cocern concept

Accounting Cycle for Merchandising Business Example Part 2

This video provides an overview of the accounting principles and concepts used to verify and check financial statements. The presenter walks through examples of prepaid expenses, outstanding expenses, and accrued income to demonstrate...

Recording the Closing Process - Financial Accounting

Prof. AJ Kooti explains the accounting cycle. This video is part 2 of a 3 part series.

Corporate lobbies and board rooms are often graced with impressive art, but why? What's the rationale behind this expense, and what impact does it have on the rest of the art world? We look at the history of corporate collecting,...

Personal Relationships & Job Promotion

Prof. AJ Kooti provides a detailed explanation of the Direct Writeoff Method of accounting for inventories as part of his Financial Accounting Course.

This video explains the process of completing an accounting bank reconciliation.

This video provides a step-by-step guide on how to prepare final statements for a partnership firm, including the preparation of trading profit and loss accounts, balance sheets, and partners' capital accounts. It also covers adjustments...

In this video we are teaching about the different types of Errors and Rectification such as Errors and Omissions, Errors of commissions, Compensating errors and errors of principles.

This video explains recording of Discounts, bad debts, loss by fire & other such journal entries.

In this video, the teacher explains how to record various types of journal entries in Daniel Traders Journal. The examples include cash discounts, trade discounts, purchases, sales, bad debts, and more. The teacher provides clear...

Researchers believe that the town was founded in the 7th or 6th century BC by the Osci or Oscans. It came under the domination of Rome in the 4th century BC, and was conquered and became a Roman colony in 80 BC after it joined an...

Straight Line Depreciation Example

This video explains the importance of the balance sheet in business and how it represents a company's assets, liabilities, and owner's equity. It also discusses the different types of assets, including current and capital assets, and the...

This video explains the process of accounting for Warranties as an estimated liability of the business.

This video is a tutorial on how to complete three separate journal entries for a uniform company's payroll. The focus is on the accrued benefits entries for the month, including health insurance premiums, retirement matching, and...

Intermittent LIFO or Last In First Out example

Warranties (Accounting) example

In this video, the teacher explains the concept of advanced money from the consignee as security money in consignment accounting. They provide an example and show how the treatment of the advanced money differs depending on whether it is...

Direct Writeoff Method - Accounts Receivable - Accounting

In this video, we’ll see the details of running total and difference. • Understand running total and difference • Implement running total and difference