Commerce Shruti
Commerce Shruti
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Trial Balance I Error in Trial Balance I Class 11 Accounting I Accounting Basics
Trial Balance I Error in Trial Balance I Class 11 Accounting I Accounting Basics
Welcome to Commerce Shruti! In this video, we’ll discuss the concept of Trial Balance and explore the Errors in Trial Balance, an essential topic in Class 11 Accounting.
A Trial Balance is a statement that lists all the ledger account balances at a particular date. It helps in verifying the mathematical accuracy of the ledger postings, ensuring that total debits equal total credits.
Errors in Trial Balance occur due to mistakes in the recording or posting of transactions. Common errors include:
Errors of Omission - When a transaction is completely or partially omitted.
Errors of Commission - When incorrect amounts are recorded or posted to the wrong account.
Errors of Principle - When accounting principles are violated.
Compensating Errors - When one error cancels out another.
Key points covered in this video:
What is a Trial Balance?
Importance of preparing a Trial Balance.
Common errors affecting the Trial Balance and how to detect them.
Practical tips for rectifying errors.
By the end of this video, you will have a strong understanding of Trial Balance and the various types of errors, preparing you for your accounting studies and practical applications.
#TrialBalance #ErrorsInTrialBalance #Class11Accounting #CommerceShruti #AccountingConcepts #LearnAccounting
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КОМЕНТАРІ

  • @RebeccaRowland-l6q
    @RebeccaRowland-l6q 2 дні тому

    Thanks for the forecast! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?

  • @sonupandey3943
    @sonupandey3943 4 дні тому

    Chahe pass book ka balance dr ho ya Cr entry to ek jaisi hi hongi na aise hi cash book me bhi chahe Cr balance ho ya dr

  • @HoneySharma-u4l
    @HoneySharma-u4l 7 днів тому

    Thanks 👍🏻❤

  • @syria9894
    @syria9894 10 днів тому

  • @chiragsapra4900
    @chiragsapra4900 14 днів тому

    Dimag ka dhi ho gaya yaar example se samjaya hota to easy padta....

  • @01mehak
    @01mehak 14 днів тому

    10,000 - 10,000 20,000 kaise aaya change in profit

    • @commerceshruti
      @commerceshruti 14 днів тому

      This confusion arises because the profit in August is a loss of ₹10,000, which is written as -10,000. When subtracting a negative number, it becomes addition. Let’s break it down clearly: The formula for Change in Profit is: Change in Profit=Profit in September−Profit in August Given: Profit in September = ₹10,000 Profit in August = ₹-10,000 Substitute the values: Change in Profit=10,000−(−10,000) Now, subtracting a negative number is the same as adding its absolute value: Change in Profit=10,000+10,000=20,000. I hope this is clear to you now.

    • @01mehak
      @01mehak 11 днів тому

      @commerceshruti thankyou ✨

  • @Shivalak161
    @Shivalak161 14 днів тому

    Di agr hmare paas liquid ratio h1.6:1,, or prepaid expenses h 10000 ,, CA h 20000 to liquid assets 10000 hoga kya

    • @commerceshruti
      @commerceshruti 14 днів тому

      Yes dear, please provide me complete question and what is asked in question so that I can provide complete and clear information.

  • @kaj84
    @kaj84 15 днів тому

    Calculation mistake hai..??

  • @NiteshSharma-df8yi
    @NiteshSharma-df8yi 18 днів тому

    Thank you sister ❤

  • @Mr.x6264i
    @Mr.x6264i 20 днів тому

    Thank you so much ma'am 🙏🏻...it's very helpful

  • @Ro-hitMan__45
    @Ro-hitMan__45 22 дні тому

    Slow bolo ap,..😮

  • @sunitaphulera4314
    @sunitaphulera4314 23 дні тому

    Maam please upload a video on calls in advance with practicals.

  • @garimatewari1071
    @garimatewari1071 25 днів тому

    Cash flow examples?

    • @commerceshruti
      @commerceshruti 25 днів тому

      I will upload a video with examples soon.

  • @niharikaverma7935
    @niharikaverma7935 27 днів тому

    Abe entry sikh ke aa phele

  • @missjayachandra2361
    @missjayachandra2361 Місяць тому

    so nicely you have explained the topics in short Thanks 😊

  • @myg433
    @myg433 Місяць тому

    What is working capital

    • @commerceshruti
      @commerceshruti Місяць тому

      Working capital is the money which business needs for its daily operations. The company needs cash to pay for things like rent, salaries, and buying materials. The formula for calculating working capital is Current assets - Current liabilities

  • @KartikKatyal19
    @KartikKatyal19 Місяць тому

    Same question h but fixed cost given nhi h

    • @commerceshruti
      @commerceshruti Місяць тому

      If fixed cost is not given, you can calculate it using the formula: Fixed Costs=Contribution−Profit Where; Contribution = Sales × PV Ratio. After deriving the fixed cost, you can calculate BEP using the usual formula: BEP (Sales) = Fixed Costs / PV Ratio. ​

    • @KartikKatyal19
      @KartikKatyal19 Місяць тому

      @@commerceshruti I have the same question which year's sales we have to take or we will get two different bep?

    • @commerceshruti
      @commerceshruti Місяць тому

      You can use the sales from any year to calculate fixed cost and the result will always be same. This is because fixed cost remains constant regardless of change in sales.

    • @KartikKatyal19
      @KartikKatyal19 Місяць тому

      @@commerceshruti ab kya fayda paper ho gya

  • @KartikKatyal19
    @KartikKatyal19 Місяць тому

    If fixed cost na ho toh ?

  • @RinkuHazarika-m6l
    @RinkuHazarika-m6l Місяць тому

    Thank you very much Ma'am ❤

  • @AnandKishor-o4r
    @AnandKishor-o4r Місяць тому

    👏🏻👏🏻

  • @AnandKishor-o4r
    @AnandKishor-o4r Місяць тому

    👏🏻👏🏻

  • @footballfans5381
    @footballfans5381 Місяць тому

    Thanks ❤

  • @Sirasthakuari
    @Sirasthakuari Місяць тому

    Yeah ❤❤

  • @user-lc1pv2sf3b
    @user-lc1pv2sf3b Місяць тому

    Ek suggestion dunga naak se mt boliye thoda irritating lagta hai.. bura lge sry

  • @armaanansari7325
    @armaanansari7325 Місяць тому

    journal voucher and brs

  • @lavanyakoppula9729
    @lavanyakoppula9729 Місяць тому

    Thanks

  • @adityasharma7482
    @adityasharma7482 Місяць тому

    Thanks Madam,bahut ache se explain kiya hai aapne

  • @mohammedshahed799
    @mohammedshahed799 Місяць тому

    Mam can I get your contact number

  • @DebarjunSaha
    @DebarjunSaha Місяць тому

    maam deservs more subscribers guys please share and subscribe

  • @afsarvlogs9615
    @afsarvlogs9615 Місяць тому

    Slow

  • @VikashKumar-lw4tv
    @VikashKumar-lw4tv Місяць тому

    Why December 31st march kyu nahi please reply me

    • @commerceshruti
      @commerceshruti Місяць тому

      Because depreciation calculate hora h as per calendar year (1 jan -31 dec) and first we will calculate depreciation for 2001 ( from 1apr to 31 dec total 9 months are there) then we will calculate for 2002.

  • @TanuSharma-y6b
    @TanuSharma-y6b Місяць тому

    Salary nd wages isme nh aata ky

    • @commerceshruti
      @commerceshruti Місяць тому

      No it will come in profit and loss account, as the word salary comes first.

  • @navkiran-xz7hm
    @navkiran-xz7hm Місяць тому

    Excellent video ma'am ❤❤

  • @sandhyaverma4705
    @sandhyaverma4705 2 місяці тому

    Thnx mam🎉🎉

  • @utkarshgupta774
    @utkarshgupta774 2 місяці тому

    Can you explain with some example question

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Sure I will upload next video which will be based on question.

  • @Rogen302
    @Rogen302 2 місяці тому

    Thanks didi

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Welcome, keep watching👍

    • @Rogen302
      @Rogen302 2 місяці тому

      @@commerceshruti yeah I will for sure thanks again

  • @Preeti-z4o9o
    @Preeti-z4o9o 2 місяці тому

    Ma'am please upload a video based on question that start with the balance of Pass book.

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Sure, the next video will be based on the same topic.

  • @sincere4all699
    @sincere4all699 2 місяці тому

    Easily smj agya

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Thank you keep watching, long videos are also available for this topic.

    • @sincere4all699
      @sincere4all699 2 місяці тому

      @@commerceshruti how can i contact you

    • @commerceshruti
      @commerceshruti 2 місяці тому

      This is the telegram group ID, kindly join this group t.me/+9g3y_Vg7eZ9jNjNl

  • @Ekam08-h
    @Ekam08-h 2 місяці тому

    Pls make the video on interest on debentures with tds

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Sure I will try to upload video soon, stay tuned👍

    • @sincere4all699
      @sincere4all699 2 місяці тому

      ​@@commerceshrutiMam how can i contact you i need some help in accounting

    • @Ekam08-h
      @Ekam08-h 2 місяці тому

      Thx aloot

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Telegram ID t.me/+9g3y_Vg7eZ9jNjNl

  • @Navu__631
    @Navu__631 2 місяці тому

  • @aswinaswin7859
    @aswinaswin7859 2 місяці тому

    Super super 🎉🎉🎉

  • @Kusumchoudhary-i4e
    @Kusumchoudhary-i4e 2 місяці тому

    Nice explanation ❤🎉

    • @commerceshruti
      @commerceshruti 2 місяці тому

      Thank you 👍❤️

    • @mxaarish677
      @mxaarish677 2 місяці тому

      x ko dekh kar mai to darjata hu sin@ cos@ ke torcher wale din yaad aajate hai

    • @commerceshruti
      @commerceshruti 2 місяці тому

      This is easy you will be able to solve this.

    • @bhupinderbhatia3234
      @bhupinderbhatia3234 Місяць тому

      Mam ye 100x+25x ke baad denominator vala 100 kaha gya?​@@commerceshruti

  • @VandanaKumari-p4b
    @VandanaKumari-p4b 2 місяці тому

    Thank you mam very helpful video❤

  • @Preeti-z4o9o
    @Preeti-z4o9o 2 місяці тому

    Very informative video ma'am. Thanks for sharing.🙂

  • @AsgarrazaS
    @AsgarrazaS 2 місяці тому

    Good information 😊

  • @AsgarrazaS
    @AsgarrazaS 3 місяці тому

    Thanks ji😊

  • @AsgarrazaS
    @AsgarrazaS 3 місяці тому

    Thanks jii😊

  • @RaviKumar-dq3bo
    @RaviKumar-dq3bo 3 місяці тому

    Nice explanation ❤❤

  • @RaviKumar-dq3bo
    @RaviKumar-dq3bo 3 місяці тому

    Excellent video ❤❤

  • @SubhamKumarMishra-f3g
    @SubhamKumarMishra-f3g 3 місяці тому

    A cheque for Rs 27,000 drawn by B. Philip had been charged to A. Philip’s bank account by mistake in December, 2022 ye batao