Trading Profit and Loss Account Format - Income Statement

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  • čas přidán 27. 07. 2024
  • #hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account.
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Komentáře • 275

  • @nashaecreary3892
    @nashaecreary3892 Před 4 lety +56

    I do not usually comment on CZcams videos, but I have to say that this guy really cleared it up for me. Thorough explanations! Very good! I never truly understood what I was doing until this moment. Thank you sir.

    • @mboneadavid9661
      @mboneadavid9661 Před 3 lety +1

      The same to me. He real made me understood more than when I was in class.

    • @claude1448
      @claude1448 Před rokem

      Same to me enjoyed it bravoo

  • @benijordan781
    @benijordan781 Před 3 lety +7

    Income statement most explanatory lesson on CZcams. Thank you young man

  • @beenyourself4781
    @beenyourself4781 Před 4 lety +21

    This is great!, in fact I learn the little I need to know in 17 minutes while I spend hours in school struggling to understand. Even though I am not serious in school but I gain what is most important. You deserve to be respect

  • @prathyushasubburaj1521
    @prathyushasubburaj1521 Před 2 lety +6

    Understood in 17 mins which was taught at school for one week!....thank you ! Keeeep going!!!!❤️

  • @oyfresh2919
    @oyfresh2919 Před 6 lety +86

    Black excellence... No matter how Minor

    • @veemac8240
      @veemac8240 Před 6 lety +3

      Keneil Williams There is NOONE minor for there's no-one superior

    • @emmanueloni2563
      @emmanueloni2563 Před 3 lety +1

      😤😒😒😒

    • @abubakarmusayerimaru9879
      @abubakarmusayerimaru9879 Před 2 lety +1

      Well done,thanks a lot . this tutorial is the best of all local tutorials I enjoy.Though, it's brief , but it's full of academic substance. He explained what I regard as miro aspect of the topic I.e. PROVISIONS which was so ambiguous before now. May the sky be your limit. However I will like to submit two suggestions to increase the utility of the lecture on this particular topic.
      1. If possible, roll both vertical and horizontal lines on the table to clearly present the entries.
      2. Less is an accounting term which I got to know just today. Therefore explain it meaning vividly for the consumption of the beginners like me.
      100 level INFOTECH MAU YOLA

  • @issackkakiel3257
    @issackkakiel3257 Před rokem +2

    Young and fresh, Thank you so much brother. Keep going.... you're good

  • @prudencemugambi
    @prudencemugambi Před 4 lety +14

    Thank you so much. You explained it very well... I'm doing accounting for lawyers and I thought it was so hard until I watched your videos. Watching from Kenya 🇰🇪

    • @hstutorial
      @hstutorial  Před 4 lety +3

      Prudence Mugambi 👍🏾 Good luck

    • @adwoaasomaning6805
      @adwoaasomaning6805 Před 4 lety +1

      Prudence Mugambi I’m also doing legal accounting in law school and it’s kicking my ass 😭😭😭😭. I hope this video helps

    • @evansabura7659
      @evansabura7659 Před 2 lety +1

      🇰🇪

    • @marynaiduya6207
      @marynaiduya6207 Před 2 lety +1

      I'm here today for the same, nastragoo😅

  • @kam9615
    @kam9615 Před 5 lety +4

    Very helpful and gives easy to understand examples, thank you!

  • @remi6757
    @remi6757 Před 5 lety +31

    You're really good, thanks alot

    • @hstutorial
      @hstutorial  Před 5 lety +1

      Blade Levis Thank you 🙇🏾 Good luck!
      If you need clarification or questions to ask, kindly click on this link to choose a study plan and get in touch with us
      hstutorial.com/study-plan

  • @LisaPreity
    @LisaPreity Před 5 lety +9

    Thank you for the help! You did a much better job than my lecturer. Keep up the good work!

  • @ccretdesigns726
    @ccretdesigns726 Před 5 lety +7

    You explain this and make it seems so easy. Thank u.

  • @akaezesandra1519
    @akaezesandra1519 Před rokem +2

    Thank you for such a simplified video and explanation, though I couldn't find a video for solving real questions for the trading and loss account. It will be really helpful.

  • @joansay7172
    @joansay7172 Před 4 lety +8

    This is amazing ,I am new to the Accounting world and of all the videos i have watched on income statements this makes the best sense.IAm grateful i watched this.Definatly subscribing from South Africa thank you!!!

  • @doreenj2155
    @doreenj2155 Před 5 lety +3

    You are really good I was not understanding but you’ve brought every thing to light..God bless you

  • @rachealmuhongo5952
    @rachealmuhongo5952 Před rokem +1

    Thank you so much lecture am catching up with your tutorials 🙏 your explanation is very clear

  • @stanbanda7608
    @stanbanda7608 Před 4 lety +5

    Man you have nailed it.I have fully understood what is what when it comes to P&L.The other guys from some videos have watched were making P&L look like its rocket science.

  • @n.y.a.r.u.i.r.u
    @n.y.a.r.u.i.r.u Před rokem +3

    explained everything perfectly well just like my high school tr 😊.... Am taking a unit in financial accounting in campus and had forgotten quite a no of things so i just came looking for sth to remind me how i used to do it in high school and your video delivered !!! 😊😊😊😊

  • @leonfontius5300
    @leonfontius5300 Před 4 lety +1

    Your amazing thank you so much I did accounting before but I needed a refresher this video really helped

  • @myiandlovu2268
    @myiandlovu2268 Před 5 lety +9

    thank you soo much,that was quiet understandable

  • @malfieri760
    @malfieri760 Před 5 lety +5

    Explained it very clearly, thanks

  • @osudomichael3063
    @osudomichael3063 Před 2 lety +1

    Thanks so much for making me understand better watching from Uganda

    • @hstutorial
      @hstutorial  Před 2 lety

      You're welcome. To God be the glory

  • @IslamPerfectJourney
    @IslamPerfectJourney Před 8 měsíci +1

    Wow u did a wonderfully job, I came across many tutorials but only yours I understood. Thanks alot

  • @christopherchiyavula6061

    Hello!
    I really appreciate your clear explanations !
    I now get where I was messing up on the ledger accounts, in terms of opening two accounts for a transaction and how to record in terms of the sides of the A/C which are the Dr and Cr side of the ledger A/C.
    Thank you.

  • @sylviasimasiku2603
    @sylviasimasiku2603 Před 4 lety +1

    GOOD EXPLANATION, PLEASE KEEP MAKING MORE , MAY GOD BLESS YOU.

  • @daniellaoikpo5898
    @daniellaoikpo5898 Před 25 dny

    God bless you richly for this!

  • @marcelogrant6147
    @marcelogrant6147 Před 2 lety +2

    Wow... This is really amazing, thank you so much for the explanation.

  • @allyhamil6156
    @allyhamil6156 Před 5 lety +11

    Thanks for the explanation, i have now started Finance for Managers abe, this is a part I needed to understand. thanks, Sir.

  • @Nomyperry
    @Nomyperry Před 5 lety +1

    thank u for putting me through again.. I understand dz well now

  • @princekudzai7458
    @princekudzai7458 Před 5 lety +1

    Very Help full thanks!!!

  • @thefrankincense4331
    @thefrankincense4331 Před 5 lety +1

    Wow I have really understood,thanks bro and keep up the good job.

  • @valariewaswa
    @valariewaswa Před 4 lety

    Thank you so much. You've helped me understand

  • @HarrisonJay
    @HarrisonJay Před 5 lety +2

    Thanks man, now i get it real good

  • @takudzwamillion9653
    @takudzwamillion9653 Před 5 lety +3

    thank u Sir ,u really helped me a lot...you are the best on top of the rest

  • @judynyutu2679
    @judynyutu2679 Před 4 lety +5

    Wonderful lecturer ,be blessed.

  • @oteshascarlette2010
    @oteshascarlette2010 Před 5 lety +2

    The amount of videos i have watch and was none explained so well. Thank you so much

    • @hstutorial
      @hstutorial  Před 5 lety

      Otesha Scarlette you're welcome 👍🏾

  • @yuhwamsilas6149
    @yuhwamsilas6149 Před rokem

    Thanks for that wonderful explanation, it make a lot of meaning.

  • @francomugo2913
    @francomugo2913 Před 6 lety +1

    This is excellent...you are clear

  • @ngulubenoel7724
    @ngulubenoel7724 Před 3 lety

    Very clear, thank you very much , i have enjoyed it.

  • @asalintolinto8772
    @asalintolinto8772 Před 4 lety +1

    Wooww! thank you so much, you are truly the best

  • @justinachetachi6238
    @justinachetachi6238 Před 2 měsíci

    Thank you so much you have been really helpful

  • @margaret3801
    @margaret3801 Před 11 měsíci +1

    This is really great, thank you tutor 👍🥰

  • @muhammadaminu6585
    @muhammadaminu6585 Před 5 lety

    OMG thanks alot for you video!

  • @maebelleeric2956
    @maebelleeric2956 Před 4 lety +1

    Thank you. It really helps me alot

  • @farxiyonadiif7456
    @farxiyonadiif7456 Před rokem

    Thank you for explanation

  • @user-qw1ld4sq1j
    @user-qw1ld4sq1j Před měsícem +1

    Good god bless you and your family

  • @defnotfemi4313
    @defnotfemi4313 Před 3 lety

    i have been looking for the right explanation since....thank you

  • @davidbanahene307
    @davidbanahene307 Před 5 lety +1

    Great job. Good courage

  • @pasha158
    @pasha158 Před 3 lety +3

    Very clear and very helpful to revise from - thank you!

    • @hstutorial
      @hstutorial  Před 3 lety

      You're welcome. Feel free to enroll in our courses at hstutorial.com/courses

  • @2stripes393
    @2stripes393 Před 5 lety +4

    Leaving cert will be much better because of you godbless

  • @DenaTv99
    @DenaTv99 Před 2 lety

    Thanks so much for this have learnt a lot

  • @abiolaadegbola7912
    @abiolaadegbola7912 Před 4 lety +1

    Wow his really good 👍👍👍👍👏👏👏👏👏

  • @nduggajoseph5371
    @nduggajoseph5371 Před 5 lety +2

    Its really educative thx bro

  • @natashadhlomo1011
    @natashadhlomo1011 Před 6 lety +2

    thanks alot l have really learnt from Zimbabwe

  • @stanleyagho6699
    @stanleyagho6699 Před 5 lety +1

    Am an acc student you really have done great to my career i appreciate

  • @martinnjonnes2954
    @martinnjonnes2954 Před 3 lety

    Thank you very much sir 🙌

  • @catrionacorrigan6356
    @catrionacorrigan6356 Před 5 lety +7

    So helpful thank you🙌🏼🙌🏼

    • @vimbaihove3265
      @vimbaihove3265 Před 3 lety

      This is the simplest Tutorial ever!!quite clear

  • @randomstuff3f76
    @randomstuff3f76 Před 2 lety

    You still helping thanks

  • @angelinaandrew3451
    @angelinaandrew3451 Před 2 lety

    THANK YOU SO MUCHH!!!!!
    do you have a video uploaded where you do some examples?

  • @begamhussein9944
    @begamhussein9944 Před 2 lety

    Mahnnn!!🙌🏻THE BEST!keep it up

  • @andraebruce6453
    @andraebruce6453 Před 5 lety +2

    thanks a lot i understand now

  • @yxngdosh6279
    @yxngdosh6279 Před 2 lety

    amazing video and explanation

  • @accountingforbeginners9210

    Good,well done ,you will be a good accounting teacher in future

  • @tasherabrackett4878
    @tasherabrackett4878 Před 3 lety +1

    Thank you, i was in class today and my teacher was teaching this topic, didn't understanding anything he was saying, so i leaved class and went on youtube and saw your video, now I have an in depth understanding of the topic.

    • @hstutorial
      @hstutorial  Před 3 lety

      You’re welcome. Feel free to enroll in our courses at hstutorial.com/courses

  • @jsaeurope8515
    @jsaeurope8515 Před 5 lety +2

    thank you so much could you show hot to prepare ledgers and journals please

  • @official_kingsleyike2563
    @official_kingsleyike2563 Před 2 lety +1

    Very nice I would recommend this vid

  • @joylinejemutai8454
    @joylinejemutai8454 Před 3 lety

    Thank you I am helpfull

  • @worekalem.mekuriaw5811

    Thank.you.my.brother.good.job

  • @izoozaaks3391
    @izoozaaks3391 Před 4 lety

    Thanks i hv now got it well

  • @pyrophobicphoenix3549
    @pyrophobicphoenix3549 Před 5 lety +1

    Thank you so much.......

  • @sarahgakonde1819
    @sarahgakonde1819 Před 2 lety

    Thank you so much

  • @ritwikravii
    @ritwikravii Před rokem

    Very Nice going.....❤️🙏🏻

  • @maryoluoch6746
    @maryoluoch6746 Před 4 lety +1

    Good job. I love it

  • @ivyhiyamwa320
    @ivyhiyamwa320 Před 5 lety +1

    Good explanation.thanks

  • @nellykalaba2921
    @nellykalaba2921 Před rokem

    Thanks alot👍

  • @ogundipeoluwalonimipeace7340

    Thank you so much, am very grateful, i really understand his lecture

    • @hstutorial
      @hstutorial  Před 3 lety

      You are welcome. Feel free to enroll in our courses at hstutorial.com/courses

  • @blessingshub123
    @blessingshub123 Před 2 lety

    Very helpful,,

  • @briannabryan9027
    @briannabryan9027 Před 4 lety +2

    I learned more from you than my teacher. Thanks👍. Keep it up.

  • @roxana989
    @roxana989 Před 4 lety +1

    Thank u verry much, verry good explication. Make more videos like these, u are really good! 👍

  • @raquelmaraj5762
    @raquelmaraj5762 Před 5 lety +2

    how to do an income statement and thanks this had really help me

  • @namugenyishamiat6976
    @namugenyishamiat6976 Před rokem

    Thx a lot🙏

  • @sharmalelianduta1113
    @sharmalelianduta1113 Před 3 lety

    Thanks 😊 I would like to know the additions on preparing an income statement of a limited company. Thanks ☺️

  • @01duor17
    @01duor17 Před 3 lety

    God sent thanks bro

  • @abigailkai5042
    @abigailkai5042 Před 4 lety +1

    Good one.Thanks

  • @jimmyracine1503
    @jimmyracine1503 Před 5 lety +1

    Thanks so much. Very helpful

  • @brianabraham908
    @brianabraham908 Před 4 lety +5

    Please keep on doing this it’s really helpful
    -From Mzumbe university Tanzania, morogoro 🙏🏽

  • @barakapaulo3767
    @barakapaulo3767 Před 4 lety +1

    Very interested one day I will make my own video and share to the people as you did

  • @zeitayakub299
    @zeitayakub299 Před 4 lety +1

    Thank you sooo much🥰

  • @emmaculatemangoma9966
    @emmaculatemangoma9966 Před 2 lety

    thanks, loads I've just understood one day before my financial accounting exam

  • @shekulawan
    @shekulawan Před 2 lety

    Thanks to God with this video, I now have a better understanding.

  • @showoleomowunmi6132
    @showoleomowunmi6132 Před 3 lety +1

    omo iyami God bless u for this tutorial..

  • @afisaally2001
    @afisaally2001 Před 5 lety +2

    You deserve to be a good teacher tenx so much at least i understand

  • @abdulwelisalimooo7892
    @abdulwelisalimooo7892 Před 5 lety +1

    Wow.....what an explanation,thank you so much.

    • @hstutorial
      @hstutorial  Před 5 lety

      Lil Peace 1 you’re welcome 😊

  • @hannahduncan1724
    @hannahduncan1724 Před 4 lety

    God bless you
    KIA its was helpful tho am done with university,but which I was taught like this.I would have been bold to face any question

  • @mohamedfarah8017
    @mohamedfarah8017 Před 3 lety +1

    Thanks, I really enjoyed.

    • @hstutorial
      @hstutorial  Před 3 lety

      You’re welcome. Feel free to enroll in our courses at hstutorial.com/courses

  • @jameskipkorir8098
    @jameskipkorir8098 Před 3 lety +1

    Thanks a lot,you have really helped me

    • @hstutorial
      @hstutorial  Před 3 lety

      You're welcome. Feel free to enroll in our courses at hstutorial.com/courses

  • @ryan101120
    @ryan101120 Před 3 lety +1

    I love the accent and the detail in the explanations

  • @florencek4568
    @florencek4568 Před 2 lety

    Charles thank you for this tutorial 👏
    Kindly take me through cash flows and partnership account

  • @owontapatience7083
    @owontapatience7083 Před rokem

    Thanks man

  • @2stripes393
    @2stripes393 Před 5 lety +2

    I go to school in Ireland but you've helped me more than my teacher thank you

    • @uzair263
      @uzair263 Před 5 lety

      2 stripes same i have my junior cert exam tomorrow and am over here lookin up videos how to do income statement 😂

  • @omotolachristiana7577
    @omotolachristiana7577 Před 5 lety +3

    Thank you very much hs tutorial has really impacted me a lot

    • @hstutorial
      @hstutorial  Před 5 lety

      You’re welcome 😉

    • @sundaysunday5824
      @sundaysunday5824 Před 4 lety

      @@hstutorial please am an accounting students I may likely need some help