Entering a Trading, Profit and Loss Account..

Collins Account and Statistics lesson

[@apolloking412]

Ty this was a great example and great video as well too. I currently having my exam and this is the last minute I have so I hope I can passed. Thank you once more again.

[@collinsjunior6513]

I wish you good success in your exams.

[@DeershithAmin]

Thank you sir... Today is my account s exam

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@tomialabi4149]

Thank you so much sir tomorrow is business studies neco exams,and I really didn't understand it but now I do . Thanks once again

[@collinsjunior6513]

You're welcome. I'm glad I could be if help.

[@AllenEdits1]

Finally ik where my Net profit stays. Thank you Sir

[@collinsjunior6513]

You're welcome.

[@amzatabeeb]

❤❤❤❤

[@olukayodeayoade2850]

Wow keep it 🎉🎉

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@user-ej4yw6rs4o]

thank u for the hint

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@olabisiafuye6836]

Thank you very much

[@collinsjunior6513]

You're welcome. Please like, subscribe and turn on notifications on my channel for live updates.

[@hassanatuksesay5194]

Thank you sir

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@user-sq9qb7hr5z]

Nice

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@dolaoyewo4470]

Very beautiful I wish I could

[@nahoza]

We appreciate. Thank u

[@collinsjunior6513]

My pleasure

[@favourubabuko1372]

Nice one

[@collinsjunior6513]

Thanks for watching

[@SimiloluwaOluseyi]

What if you don't have carriage inward or outward

[@collinsjunior6513]

Then Add opening stock and purchases then subtract return outwards(if any), to arrive at cost of goods available for sale.

[@Larexy_3]

Pls why's cost of goods available for sale two times there?

[@collinsjunior6513]

After you subtract closing stock, the figure you have is cost of goods sold. Must have been a written error.

[@user-ph6xn6vo8t]

😮😮😮😊😊😊

[@gbemisolaajua3675]

Pls do trial balance Nd ledger account

[@collinsjunior6513]

I'll do that in my next video. Do well to subscribe and turn on the notification button to watch live video update.

[@dolaoyewo4470]

What if your not given the closing stock

[@collinsjunior6513]

You'll use cost of goods available for sell and sales to determine your gross profit/loss.
You'll always be given closing stock as the Trading, profit and loss account is prepared at the end of an accounting year.

[@fentanglizette4545]

Can I have notes

[@collinsjunior6513]

Definitely.

[@AssibongJulia]

hi please can I have your number please I need classes am writing advance level so I need classes

[@collinsjunior6513]

Yes you can. [phone]

[@AyoorDaves]

Nice

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.

[@collinsjunior6513]

Thanks. Please like and subscribe to my channel. Turn on notifications for live updates.