The Business Professor
LIFO Method Example for Cost of Goods Sold Calculation
The video explains how to calculate cost of goods sold using the LIFO (last in, first out) method using the example of Delta Company. The presenter starts with the calculation of the cost of goods sold and goes on to compute the gross...
The Business Professor
Accounting for Inventories - Lower of Cost or Market - Example
Professor AJ Kooti provides a detailed examples of how to value inventories using the Lower of Cost or Market method.
The Business Professor
Accounting for Inventory Sales - Intermittent LIFO example
Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.
The Business Professor
Chapter 9 - Accounting for Employee Benefits Example
Professor AJ Kooti provides an example of how to Account for Employee Benefits in his financial accounting course.
The Business Professor
Accounting for Inventory - Specific Identification Method - Example
Professor AJ Kooti provides a detailed examples of how to use the specific identification method for accounting for inventories.
The Business Professor
Chapter 9 - Accounting for Warranties Example
Professor AJ Kooti provides an example of how to Account for Warranties in his financial accounting course.
The Business Professor
Accounting for Inventory Sales - Intermittent LIFO example
Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.
The Business Professor
Chapter 9 - Accounting for Employee Benefits Example
Professor AJ Kooti provides an example of how to Account for Employee Benefits in his financial accounting course.
Mythology & Fiction Explained
Bram Stoker's Dracula - The Origin Story of Fiction's Most Iconic Vampire
Today we take a look at a true horror classic in Bram Stoker's Dracula. Hopefully you enjoy this abridged version narrated by Mythology & Fiction explained.
Let's Tute
Ledger - Introduction and Preparation
In this session we learn "what is the ledger?" there importance andand meaning. also we covered the format of ledger,ledger posting and closing accounts.
Let's Tute
Quiz on Journal Entries in Accounting
Let's test your knowledge on journal entries in accounting!
Let's Tute
How to post in Ledger from journal
Check out this video on "How to post in Ledger from Journal?" by Letstute Accountancy. This video covers the need for ledger, format, posting of transactions in ledger & balancing ledger accounts.
Let's Tute
Partnership Final Accounts
This session covers various adjustments required while preparing final accounts for an organization, including closing stock, outstanding expenses, prepaid expenses, accrued income, bad debts, and reserve for bad and doubtful debts....
The Business Professor
Accounting Cycle - Pt 3
Accounting Cycle for Merchandising Business Example Part 3
The Business Professor
Accounting Cycle - Pt 1
Accounting Cycle for Merchandising Business Example Part 1
The Business Professor
Accounting for the Sale of Inventory - Intermittent Weighted Average Example
Professor AJ Kooti provides a detailed explanation of Accounting for the Sale of Inventory using the Intermittent Weighted Average method.
Let's Tute
Understanding Interdepartmental Transfer and Stock Reserve in Departmental Accounts
In this video, the teacher explains the concept of interdepartmental transfer in departmental accounts. They discuss the accounting treatment for transfers at cost and transfers at invoice price, including the calculation of stock...
Let's Tute
Introduction to Consignment Accounting: Basic Journal Entries
Introduction to Consignment Accounting part 6/10: This session covers the basic journal entries and ledger accounts for consignment accounting, including settlement with the consignee and closing stock valuation. It emphasizes the...
Let's Tute
Consignment Accounting Problem Solving: Journal Entries, Closing Accounts, and Transferring Profit/Loss
This video provides a comprehensive guide to consignment accounting, covering everything from journal entries to transferring profits and losses. It also includes working notes and rough ledger accounts for reference.
Let's Tute
Consignment Accounting Problem Solving: Accounting for Consignment Sales and Abnormal Loss
The video explains the accounting process for a consignment of saris purchased by Charlene Traders, including sales made by Zing, damages, and commissions. The required accounts to be prepared are consignment account, Zing account,...
The Business Professor
Accounting for Inventory Sales - Intermittent LIFO example
Professor AJ Kooti provides a detailed explanation of how to account for the sale of inventory using the intermittent LIFO method.
Let's Tute
Journal Part 2
This video explains recording of Discounts, bad debts, loss by fire & other such journal entries.
Let's Tute
Introduction to Journal Entries in Accounting
In this video, the teacher explains the concept of a journal in the accounting cycle. They discuss the purpose and importance of a journal, and demonstrate how to record transactions in a journal using examples. The video also introduces...
The Business Professor
Ch8. Video 11 - Declining-Balance Method example
Declining-Balance Method example