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Understanding Profit & Loss Account related terms

Lesson 6 of 16 • 5 upvotes • 10:55mins

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Akanksha Chawla

This lesson helps you understand various Accounting Terms used in the Profit & Loss statement.

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1

Introduction to Book Keeping

8:38mins

2

Introduction to Accountancy

9:06mins

3

Basis of Accounting - Cash and Accrual Basis of Accounting

11:50mins

4

Branches of Accounts - Financial, Cost and Management Accounting

13:16mins

5

Types of Transactions - Cash / Credit Transaction, Understanding Business and Accounting Terms

11:33mins

6

Understanding Profit & Loss Account related terms

10:55mins

7

Understanding Balance Sheet (Assets related) Terms

11:28mins

8

Understanding Balance Sheet (Liability related) Terms

8:37mins

9

Expenditure - Types of Expenditure

8:42mins

10

Trading Concern vs. Not for Profit Concern, Cash / Trade discount

7:55mins

11

Solvent vs. Insolvent, Understand the concept of Goodwill

5:28mins

12

Rapid Revision 1

7:07mins

13

Rapid Revison 2

9:39mins

14

Rapid Revision 3

8:30mins

15

Rapid Revision 4

10:06mins

16

Rapid Revision 5

6:41mins

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