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Purchase of assets on credit
 
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Purchase of assets on credit
Views: 2117 Tutormeonlineza
HOW TO MAKE  ASSET PURCHASE ENTRY IN TALLY ERP UNDER GST
 
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Dear friends as per government rules we can get GST credits on all expenses... so at this time how to make asset purchase entry in tally unedr GST.... My New channel : Tech- Adviser about Computer Technology https://www.youtube.com/channel/UCJBbsq9D8M0RyUNjYu7B7EA My Mic : Ahuja Brand ( Use for Desktop ) https://amzn.to/2IAF81v
Views: 65134 NICT for TALLY GST
QuickBooks Online QBO: Fixed Assets, Depreciation, Purchase of Fixed Assets on Loan
 
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Call us right now at (858) 798-5058 for QuickBooks private training or visit us online at http://www.NewQBO.com/ QuickBooks Online QBO: Fixed Assets, Depreciation, Purchase of Fixed Assets on Loan http:/NewQBO.com
Views: 45621 QuickBooksQBO
How to Make Purchase of Assets Journal Entry - Payment and Credit
 
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How to Pass Journal Entry of Purchase of Assets in both Payment and Credit in this Hindi lecture video by accounts guru, Vishwanath Gaur. Learn about all the rules and regulations as per modern accounting norms. To learn everything about Finance, Accounts and related topics and to stay updated on all financial topics in India, Subscribe to our channel. Follow us on Facebook - https://www.facebook.com/finnocode/ Our Website - http://finnocode.com/
Views: 72 Finnocode Accounts
Learn About Effects Of Fixed Assets Purchase On GST In Tally.ERP 9 In Hindi - Lesson 14
 
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In This Tutorial Of Tally.ERP 9, You Will Learn About Creating Fixed Assets Ledger, Doing Its Purchase Entry, And See Its Effect In GSTR-2. If We Have Bought Fixed Assets For Our Business, Then How Will We Do In Its Entry And What Will Be It’s Effect In GST. Tally.ERP 9 Ke Iss Tutorial Me Aap Janenge Tally.Erp 9 Me Fixed Assets Ledger Banana, Uski Purchase Entry Karna Aur GSTR-2 Me Uska Effect Dekhna. Aaj Is Video Me Aap Sikhenge, Yadi Humne Apne Business Ke Liye Koi Fixed Assets Kharidi Hain, To Uski Entry Tally Me Kaise Karenge Aur Uska GST Me Kya Effect Hoga. Tally.ERP 9 के इस Tutorial में आप जानेंगे Tally.ERP 9 में Fixed Assets ledger बनाना, उसकी purchase एंट्री करना और GSTR-2 में उसका इफ़ेक्ट देखना | आज इस वीडियो में आप सीखेंगे , यदि हमने अपने बिज़नेस के लिए कोई फिक्स्ड एसेट्स खरीदीं हैं, तो उसकी एंट्री tally में कैसे करेंगे और उसका GST में क्या इफ़ेक्ट होगा | Quiz: https://goo.gl/forms/h694oN0IsPOkLeSj2 Exercise: https://goo.gl/Ng2Gz6 Tally ERP 9 - Basic Level Playlist - https://goo.gl/A6HKEK Tally ERP 9 - Intermediate Level Playlist - https://goo.gl/xSJvYe Tally ERP 9 - Advance Level Playlist - https://goo.gl/kzBDqq Tally ERP 9 - For GST - https://goo.gl/feazX6 Subscribe : https://goo.gl/tm11cl All Playlist : https://goo.gl/Y6wlrR Website :http://www.gyanyagya.info/
Views: 82652 Gyanyagya
Purchase Fixed Assets as Stock Item with GST in Tally ERP 9 Part-69 | Learn Tally for GST
 
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Learn purchase of fixed assets as stock item with gst in tally erp 9. Fixed assets or capital goods are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, computer, laptop, printer, plant and machinery, furniture and equipment vehicles and tools. Capital goods are assets that an organization uses to produce goods or services. Learn how to post fixed asset purchase accounting entries as stock item so it shows in stock summary with quantities and learn what the effect in gstr 2 in tally. All options explain with detail, learn what is the accounting treatment of fixed assets and capital goods in tally, learn all accounting entries for gst. Learn Fixed Asset management accounting in Tally. It is full step by step tally video tutorial in Hindi based on advance, professional, expert tally course for gst accounting with tally. It is a part of rscfa course. 🙏Click to Watch All Videos on 👉Capital Goods Purchase & Input Tax Credit Adjustment with GST https://www.youtube.com/watch?v=fTsgpAO8VCQ 👉GST Accounting Entries in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN 👉Click to Watch Basic Tally Accounting Video Day By Day- https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv 👉Visit Our Website: https://www.cpitudaipur.com 👉Visit Our Blog: https://cpitudaipur.blogspot.in/ 👉Like Our Facebook Page: http://facebook.com/cpitudr 👉Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Asset-Based Financing Options for Businesses
 
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http://www.driveyoursuccess.com Video explaining asset-based financing options of factoring, purchase order financing and inventory financing
Views: 6781 Ian Johnson
Secrets of the super rich... How to buy an Apartment Building with NO Cash, Credit or Experience!
 
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Jay Morrison Real Estate Partners, LLC At Jay Morrison Real Estate Partners, we provide a Streamline Asset Management and Acquisition program to equip more Mid-to- High Profile Clienteles with the essentials required to invest in the GREATEST ASSET OF THE WORLD, REAL ESTATE! Feel Free to visit http://www.jaymrrealestate.com/ for your FREE WEBINAR!!!! Jay Morrison Academy My Academy is for the aspiring entrepreneur, who is looking for an actual blueprint to make money in real estate. If you don’t like hard work, then the 12 months it takes to complete our courses will be a total waste of TIME and MONEY. If you work your butt off like your family’s LEGACY depends on it, then you will learn how to build wealth and achieve financial freedom through real estate. I am so happy I can finally say, “I did my job.” My team and I have created a vehicle for people like you, who are coach-able and hungry to improve themselves, to learn the cornerstone of wealth in America. OPEN ENROLLMENT for the Jay Morrison Academy will begin on December 1, 2015 so please be sure to visit http://jaymorrisonacademy.com/ to sign up for the waiting list. Young Minds Can To organize like-minded individuals of all ages, races, nationalities, regions and religions who empathize with and advocate for the advancement and freedom of African descendants whose ancestors were kidnapped and enslaved in America (New Africans). Please visit http://joinymc.org/ to join our email lists for the latest events!! FOLLOW ME: Twitter: https://twitter.com/MrJayMorrison Facebook Fan Page: https://business.facebook.com/JayMorrisonFanPage?ref=hl LinkedIn: https://www.linkedin.com/profile/view?id=AAIAAALSmIQBSI2ledmqg1e16EaQgDGijM7HZBg&trk=nav_responsive_tab_profile Instagram: https://instagram.com/mrjaymorrison/
Views: 113750 Mr Jay Morrison
Property Plant and Equipment (capitalizing acquisition costs)
 
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This video discusses the various costs that are capitalized (made an asset) when a firm initially acquires property, plant, and equipment. Examples are provide to demonstrate how the initial value of land, buildings, and equipment are calculated by including not just the purchase price but all costs necessary to prepare the asset for use. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 14877 Edspira
Leveraged Finance
 
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Leveraged finance means using large amounts of borrowed money to buy something. Probably the most common use of leveraged finance is when a private equity firm uses it to buy another company. This short video explains how it all works.
Views: 34959 paddy hirsch
Business finance - Purchasing an asset
 
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Business finance purchasing. You need to make a decision to either finance the assets or purchase it outright. For more information about purchasing a business asset visit our website http://www.natloans.com.au/business-use.html If you have any questions regarding purchasing business assets please don't hesitate to call us on 1300 955 791. Thank You, From the Team at Natloans.
Views: 840 Natloans
Quickbooks: Recording a New Fixed Asset
 
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This screencast illustrates the ways you can record the acquisition of a new fixed asset in Quickbooks, and demonstrates how to properly record payments on the financing.
Views: 115458 PaperTrailFinancial
How to take credit of capital goods in GST | Rule 43 | CA Divya Bansal | GST Series (Hindi)
 
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Watch this video for: Understanding how to take input tax credit of capital goods in GST (Rule 43 of CGST Rules 2018). Further, treatment of how will ITC be claimed in case capital goods is partially utilized for taxable and non taxable goods. **Disclaimer** 1. This video is for creating awareness about the newly introduced tax reform GST. 2. Here Tax without tears (TWT) team does not intend to advertise/solicit clients & doesn’t take responsibility for any decisions taken on the basis of this video. For more important updates and resources connect with us on Facebook: https://www.facebook.com/taxwithoutte... You tube: https://www.youtube.com/taxwithouttears *Other videos (GST Tutorials in Hindi & English): 1. Entry gates to GST 2. Live demo of GSTR 3B and its FAQ's 3. Live demo of Form TRAN 1 4. Live Demo of GSTR 1 5. GSTR 1 - Problems & Solutions (FAQ's) 6. Export procedure in GST 7. Important Point of GSTR - 2 & 2A 8. Live Demo of GSTR 2 9. FAQ's on Exports 10. Concept of GTA (Goods Transportation Service) in GST 11. Impact of GST on Diwali Gifts 12. FAQ's of GTA 13. Where to fill stock details in Tran 1 14. Invoice with multiple tax rate items 15. How to convert JSON to EXCEL (GSTR-2) 16. How to get data from GSTR-2A to GSTR-2 17. Infographics of GST Concepts 18. How to prepare mismatch report for GSTR 2 19. How to file GSTR 4 using Offline Utility 20. Highlights of 23rd GST Council Meeting 21. Cancellation of GST Registration 22. Refund procedure in GST (GST RFD 01A) 23. When to file form GST RFD 01A 24. Live Demo of CMP-03 (Composition dealer) 25. Refund of wrong GST paid-Excess GST Balance in Electronic Cash Ledger-GST RFD 01A 26. GST FAQs | Answers to your GST queries 27. Live Demo GST RFD 01A (Refund application) | Online & Offline Filing 28. Filing form TRAN 2 (Live Demo) |Final transitional provisions 29. Latest features in GST Portal | GSTR 1, TRAN 2, GSTR 3BCA 30. All about Reverse Charge Mechanism | Practical aspects in GST Returns 31. All about E WAY Bill in GST 32. Relief to merchant exporters in GST | Concessional Rates 33. Highlights of 25th GST Council Meeting (18.01.2018) 34. Sector wise Analysis of 25TH GST Council Meeting 35. Live Demo to register & generate E-way Bill in GST | Detail guide- practical aspects of e-way bill |Filing of way bill. 36. How to take credit of capital goods in GST | Rule 43. 37. Things to be considered while booking GST Input Tax Credit. 38. How to rectify/amend/revise/remove mistakes in GSTR 1 | Edit/delete details of invoices in GSTR 1 39. Rule 42 - No Input tax credit |Purchase on which ITC not available |Ineligible purchases 40. LIVE DEMO | GST ITC 02 | Detailed guide-how to transfer ITC in new business 41. GST Checklist for FY 2017-18 (31st March 2018) 42. E-Way bill latest updates | Updated GST Rules | E-Way bill Portal changes
Views: 52655 Tax without Tears
Buy a business with no money? How to Buy a Business - How to Sell a Business - David C Barnett
 
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Learn the difference between Asset and Share purchases here: https://youtu.be/HgDLgwbXgj0 Part 2 of this video here: https://youtu.be/xZqJTa_YZj4 Part 3 of the video, Leveraged Buy Outs, is here: https://youtu.be/UrBLOtRY0OI Local Investing Academy sign up: http://www.localinvestingcourse.com Learn to buy a business at http://www.businessbuyeradvantage.com Visit my Blog at http://www.investlocalbook.com Related Article: How to buy a business with NO MONEY? I’ve gotten some questions from viewers asking how they could buy a business with no money. There is a belief out there that if you can structure things correctly, it’s possible to buy a profitable business while using none of your own money. I’ve done deals where a buyer borrowed all the money to buy a business, but they did so by putting up some personal assets as collateral. I’ve done deals where a buyer gets a seller to essentially finance 100% of the purchase, but the buyer was using lots of their own money to improve the business with a short timeline to re-financing it. In both cases, we can hardly say that the buyers had ‘no money.’ They certainly had resources to help them make the deals happen. I made this video to explain the different scenarios that someone might conceivably buy a business with no money and the dangers for the buyers and sellers in each. Watch: https://youtu.be/NVTgDT7Cc2g In asset purchases, the danger for a buyer, even if there is no down-payment, is that there will be insufficient operating capital and you’d be in a cash flow crisis from day one. In share deals, if there is a net-positive operating capital balance, the buyer could fleece the company and run away with cash and the seller would be left with nothing. Who would put themselves in this kind of position other than a parent handing over a business to a child? The one opportunity for buyers to get their hands on a business with ‘no money’ is usually when there is negative equity. Watch the video to see my thoughts on this. If you’d like to learn how to create high returns by making local private lending and lease deals, check out http://www.LocalInvestingCourse.com The Local Investing Academy starts in September. For a quick introduction, read Invest Local. It’s available from Amazon stores worldwide or as a .pdf here: https://gum.co/quoB Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. If you would like to hear from me weekly before anyone else, you can sign yourself up at www.DavidCBarnett.com Do you live in Toronto or the Maritimes? I’ve got workshops coming up for Toronto in September on buying and selling businesses and in October-December in the Maritimes. Book now http://davidbarnett.eventbrite.ca Thanks and I’ll see you next time.
Views: 30204 David Barnett
Fixed Assets Creation in Tally ERP9, Fixed Assets purchase entry
 
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Fixed Assets Creation in Tally ERP9, Fixed Assets purchase, Asset purchase entry, tally material, how to create fixed asset in tally erp9, how post fixed asset purchase entry, journal entries, tally classes, ledger creation in tally, fixed asset group creation in tally
Depreciation and Disposal of Fixed Assets
 
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Accounting for Depreciation and Disposal of Fixed Assets
Fixed assets purchase entry with gst in tally
 
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IN this video you can check how to pass the fixed assert purchase entry with GST and ......Tally help article link ...... https://help.tallysolutions.com/article/Tally.ERP9/Tax_India/gst/recording_purchases_gst.htm ...
Views: 126 RHK
Accounting for Beginners #40 / Inventory / Asset / Journal Entry / Purchasing Inventory
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #40 / Inventory / Asset / Journal Entry / Purchasing Inventory. We are switching gears and going to be discussing everything Inventory in the next few videos. In this video, i discuss that Inventory is an Asset and we perform a Journal Entry, where we make a Purchase of Inventory. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 11104 CPA Strength
How to Enter Fixed Assets Entry and take Input Credit effect in TallyERP 9
 
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Fixed Assets Entry with GST and Input Credit in GSTR 3B & GSTR 1 For more video please subscribe our channel. Post your requirement on our social profiles www.facebook.com/tallyknowledge www.twitter.com/tallyknowledge For more tutorials visit www.tallyknowledge.com
Views: 1167 Tally Knowledge
Fixed Assets Transaction Entry In Busy Accounting Software 9210161132
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Accounting for Beginners #60 / Accumulated Depreciation / Contra Asset / Accounting Basics
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #60 / Accumulated Depreciation / Contra Asset / Accounting Basics. Although I have talked about depreciation and have done Depreciation Expense and Accumulated Depreciation with Journal Entries, i have never made a video exclusively for Accumulated Depreciation. Here you go. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 5285 CPA Strength
capital Goods purchase & Input Credit Adjustment GST in tally | Fixed Assets GST  |  বাংলা  | tally
 
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learn Fixed assets Purchase entries under GST in Bengali, purchase of capital Goods and how to set its input credit under GST in Tally, how to post Fixed assets purchase entry with GST in tally ERP 9, adjustment entries for GST input credit for capital Goods, it is Full step by step tally tutorial in Bengali, This tally Bengali video based on advance or professional.Tally ERP 9 video tutorial in Bengali, GST in Bengali, আশা করি আপনাদের বুঝতে সুবিধা হয়েছে . এই ধরনের ভিডিও দেখতে হলে এই চ্যানেল টি SUBSCRIBE করুন . আর tally তে কাজ শিখুন খুব সহজ ভাবে .. *Inclusive of tax GST invoice | MRP goods sales invoice in Tally ERP 9 | Tally ERP 9 In Bengali https://youtu.be/uCdWF5TvqZc * Sales of Goods and Services in Single Invoice under GST in Tally | learn Tally in Bengali (বাংলা ) https://youtu.be/j-ShnQSXJeo *Purchases and sales Discount Entry with GST in Tally ERP 9 | Discount in tally erp 9 . ( বাংলা ) https://youtu.be/kwy2g8XTWqM * GST sales with Discount at item Level In Tally Release 6.2 in Bengali | বাংলা https://youtu.be/ep89dvzYWlo * debit note and credit note in tally erp 9 | with GST in bengali ( বাংলা ) https://youtu.be/JZV4lIq41L8 * GST Accounting Entries for service in Tally ERP9 ( Bengali ) | GST service purchase and sold https://youtu.be/tKHL5YPTow0 * input output GST Adjustment Entries in Tally ERP-9 | Tally GST for Return Adjustment | ( বাংলা ) https://youtu.be/fy_uXDXMQh8 * Tally.ERP 9 in Bengali ( create point of sale invoice or POS invoice ) -বাংলা https://youtu.be/UOIOG7axV68 * multiple price levels & price list | multiple price level in tally erp 9| tally erp 9 (বাংলা ) https://youtu.be/0dG96WfBBPw visit our Blog : - https://businessaccountinginbengali.blogspot.in/ LIke our Facebook Page : - https://www.facebook.com/Businessaccountinginbengali/ Email : - [email protected]
Views: 958 Go Find Bangla
How to Add Assets to the Balance Sheet - QuickBooks Online Tutorial
 
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This is a brief tutorial showing how to create an asset on the Balance Sheet of a QuickBooks Online company file. I go over setting up the chart of accounts and recording the purchase in a variety of ways: with financing and without. Please let me know if you have any questions in the comment section below. Also check out www.FirstClassTaxSolutions.com for any QuickBooks Training or Consulting that you may need. We are located in Broward County, FL, but are set up for remote access to assist our clients globally. Subscribe to my channel for the latest QBO Tutorials.
Accounting for Beginners | What is Debit & Credit ? Difference Between Debit and Credit | #1
 
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Accounting for Beginners | What is Debit & Credit ? Difference Between Debit and Credit | Debit and Credit are two most common words in finance and accounting In double entry book system, every debit must have a corresponding credit entry. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry. Whenever an accounting transaction is created, at least two accounts are always impacted, with a debit entry being recorded against one account and a credit entry being recorded against the other account. There is no upper limit to the number of accounts involved in a transaction - but the minimum is no less than two accounts. The totals of the debits and credits for any transaction must always equal each other, so that an accounting transaction is always said to be "in balance." If a transaction were not in balance, then it would not be possible to create financial statements. Thus, the use of debits and credits in a two-column transaction recording format is the most essential of all controls over accounting accuracy. There can be considerable confusion about the inherent meaning of a debit or a credit. For example, if you debit a cash account, then this means that the amount of cash on hand increases. However, if you debit an accounts payable account, this means that the amount of accounts payable liability decreases. These differences arise because debits and credits have different impacts across several broad types of accounts, which are: Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance. Facebook : https://www.facebook.com/charteredwisdom/ Email : [email protected]
Views: 137475 Chartered Wisdom
When will ITC not be available in GST? Explained by Shaifaly Girdharwal in Hindi
 
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This video discusses when input tax credit (ITC) of GST paid on purchase will not be available. Watch this video if you're looking for.... ITC Blockage GST ITC Negative List When will ITC not be available in GST? When there is no ITC on Purchase? For more important updates and resources, visit http://www.consultease.com/resources Connect with us on facebook, twitter & linked in, to stay up-to-date Facebook - https://www.facebook.com/consultease/ Twitter - https://twitter.com/consultease LinkedIn - https://www.linkedin.com/company/consultease DISCLAIMER ******** This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Views: 78420 ConsultEase
GST TALLY | How to Maintains Fixed Assets as a stock in Stock Summary.
 
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purchase of fixed assets as stock item with gst in tally erp 9. Fixed assets or capital goods are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, computer, laptop, printer, plant and machinery, furniture and equipment vehicles and tools. Capital goods are assets that an organization uses to produce goods or services. Learn how to post fixed asset purchase accounting entries as stock item so it shows in stock summary with quantities and learn what the effect in gstr 2 in tally. All options explain with detail, learn what is the accounting treatment of fixed assets and capital goods in tally, learn all accounting entries for gst. It is full step by step tally video tutorial in Hindi based on advance, professional, expert tally course for gst accounting with tally. It is a part of rscfa course. For More Videos Ineligible For Input Tax Credit Under GST | NO INPUT TAX CREDIT THIS GOODS & SERVICES https://www.youtube.com/watch?v=RO0qYAnw7MY GST-TDS on Audit Fee with GST RCM Entries in Tally ERP 9 https://www.youtube.com/watch?v=pwdSm... GST-Tally(Release 6.2)Reverse Charge Adjustment Accounting after Suspension https://www.youtube.com/watch?v=R5Gbp... GSTR DUE DATE https://pbs.twimg.com/media/DOzhcJaUM... More Video GST : GSTR 3B(Unregistered Person से रु 5000 के Purchase (खरीद) को GSTR-3B में कहा दिखाना है) https://www.youtube.com/watch?v=u1OY9... GSTR 3B - WHERE TO FILL URD PURCHASES ABOVE Rs 5000 IN GSTR-3B. For More Video GSTR-1( Debit/Credit Note- Register 9B & Unregister 9B ) in Tally ERP 9 Release 6.2. https://www.youtube.com/watch?v=XnZvw... Part-2 GSTR-1( Debit/Credit Note- Register 9B & Unregister 9B ) in Tally ERP 9 Release 6.2. https://www.youtube.com/watch?v=CaqJh... For More Videos GSTR 4 - LIVE DEMO-HOW TO FILE GSTR 4 FOR COMPOSITION PERSON, QUARTERLY RETURN. https://www.youtube.com/watch?v=xs-ax... Changes of GST Registration | Steps to make amendments in GST Registration | https://www.youtube.com/watch?v=Swz0L... Tally-GST Part-2( Advance Receipt & Refund of Advance Receipt Adjustment Entries ) https://www.youtube.com/watch?v=XeZcF... Filing of GST Return 1 from Tally ERP. 9 - LIVE Demo https://www.youtube.com/watch?v=SzHm5... इस विडियो में आप जानेगे अलग अलग दर के GST Tax की एक साथ एंट्री करना In this video you will know about Multiple GST Tax || How to show HSN Code In Printout https://youtu.be/j0wO5WKhcGw how to upload Excel file to GST site, How to file GSTR-1 online, GST return-1 filing online, GST filing tutorial hindi, B2B filing, gstr-1 online kaise file karte hai, gstr-1 filing live online GST (Composition,Nil Rate , Non-Gst Item , Exmpt Goods) Accounting Entries in Tally (Hindi) https://www.youtube.com/watch?v=CrUSM... Part -2 GST- Reverse Charge On Sale with Freight/transport | GST Reverse Charge Mechanism -RCM https://www.youtube.com/watch?v=04l1D... GST Tally | GST Reverse Charge On Sale with Freight/transport | GST Reverse Charge Mechanism -RCM https://www.youtube.com/watch?v=pTDiX... GST in Tally | GST Calculated on packing Charge ( Sale/Purchase ) in Tally https://www.youtube.com/watch?v=Vz222... GSTR-2 (Tax Liability under reverse Charge on Advance) in Hindi https://www.youtube.com/watch?v=7Xg2d... for more video please visite my channel https://www.youtube.com/channel/UCVgx.
Views: 1207 Online Seva
PwC's Demystifying IFRS 9 Impairment - 10. Credit impaired financial assets
 
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Learn more at http://www.pwc.com/ifrs9 In this video, PwC’s IFRS 9 banking specialists, Mark Randall and Chris Wood explain the differences between IFRS 9’s expected credit losses on credit-impaired financial assets and IAS 39’s incurred loss provisions. Subscribe to receive more videos in the series. In the next video we look at modified financial assets. For more information about IFRS 9's impairment requirements see our In depth (https://inform.pwc.com/s/IFRS_9_Expected_credit_losses_PwC_In_depth_INT2014_06/informContent/1415113308150843) on PwC's Inform (http://inform.pwc.com).
Views: 4319 PwC's Inform
Sale of Fixed Assets Entry in Tally ERP 9 Part-81| Fixed Assets Accounting in Tally
 
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Learn sale of fixed assets entry in tally erp 9. Learn fixed assets accounting in tally. How to post fixed asset entries in accounting books after charging depreciation? How to use provision for depreciation account for sale of fixed asset? How to use accumulated depreciation account for sale of fixed asset? How to calculate depreciation to sale a fixed asset? What is accounting treatment when loss or profit on sales of fixed assets in tally? This Hindi Tally Tutorial explains all about the concept of Sale of Fixed Assets in accounting with the help of Tally ERP 9. Learn loss on sale of fixed assets journal entry in tally. How to show fixed assets in balance sheet after charging depreciation in tally accounting system? Learn all accounting entries for fixed assets in tally. Watch to learn fixed assets management in tally. This is our free online tally course, we provide tally online classes so you can learn and study tally accounting online. It is Full Step by Step Tally Tutorial in Hindi. This Tally ERP 9 Video Tutorial Based on Advance, Professional, expert Tally accounting course. It is a Part of RSCFA Course run by Career Planet. Click to Watch All Videos on 👉watch Provision for Depreciation Entry in Tally ERP 9 Part- 80| Accumulated Depreciation in Tally https://youtu.be/TZUJTu8C2Kw 👉Watch-Depreciation Entry in Tally ERP 9 with GST SLM Method https://youtu.be/wUFMcONOg-o 👉GST Accounting Entries in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN 👉Click to Watch Basic Tally Accounting Video Day By Day- https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv 👉Visit Our Website: https://cpitudaipur.com/ 👉Visit Our Blog: https://cpitudaipur.blogspot.in/ 👉Like Our Facebook Page: http://facebook.com/cpitudr 👉Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
What is Asset? Expense? Capital? Liability? Income/revenue/gain?????
 
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Hello friends my name is Digesh soni, In this video I will explain what is Asset, capital, liability, expense / losses, income/revenue/gain & explain the difference between income , revenue ,gain and also difference between expense, losses #asset #liability #expense Link for the pdf & notes of this lecture: Links for all the playlist Playlist of all classes chapter wise in hindi Class 11th accounts lectures in hindi chapter wise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ Class 12th accounts lectures in hindi chapter wise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx Class 11th Business studies lectures in hindi chapter wise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx All Basic terms of accounting https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c class 10th maths from ncert book/cbse in hindi chapter wise with solutions https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e Learn all the general entries in 5 minutes: https://youtu.be/bRxRM6a12sA What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY You can contact with me on: Facebook page : https://www.facebook.com/Digeshshala.digeshsoni/?view_public_for=367201753757403 Whatsapp group : https://chat.whatsapp.com/0gSogGmkWk2AbJpP0bnpGn Telegram group : https://t.me/joinchat/Jwr_IA7tbNG44-mdg7pvfw Facebook profile : https://m.facebook.com/Digesh.soni.31 instagram : https://www.instagram.com/digesh.soni/ twitter : https://twitter.com/soni_digesh
Views: 178469 DIGESHSHALA
How to Use a HELOC to Purchase Rental Properties
 
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How to Use a HELOC to Purchase Rental Properties We’ve written a whole book on how to use your HELOC to not only pay down your primary mortgage but also to buy rental properties. Check it out here: https://amzn.to/2OIdAFE Owning your primary residence is a liability, but there’s a tool you can use to transform that liability into a vehicle for purchase performing assets. Smart investors know how to leverage, and this strategy can accelerate your real estate portfolio growth. In this video, I’m sharing one of my favorite strategies for acquiring rental real estate—using a HELOC! You’ll learn about the incredible benefits of this strategy, including the power of simple interest and increasing your home equity. If you own your primary residence, you’ll want to press play! Show notes: http://morrisinvest.com/episode291 BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 73850 Morris Invest
Fixed Assets in QuickBooks - Which Accounts To Use
 
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Fixed Assets in QuickBooks - Which Accounts To Use (cost of asset and accumulated depreciation).
Views: 25358 Rex Jacobsen
All Up In Yo' Business: Putting Property in an LLC
 
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Learn more about LLCs by viewing Avoiding the Risks of the Single Member LLC at http://youtu.be/N0HLOQEu17k “Should I put my investment or rental property in an LLC?” I get asked this a lot. I mean, a lot. Putting an investment or rental property into a limited liability company (LLC) can be a fantastic way to protect your personal assets from any liabilities of the property(ies). If you are thinking about putting an investment or rental property into an LLC, or if you already have, there are a few things that you need to keep in mind. Before I get into that, let’s recap what an LLC is and why it may be a good thing to have. An LLC is a legal business entity. If someone sues an LLC, in most cases, only the assets of the LLC will be subject to liability in that lawsuit. The personal assets of the business owner should be safe. So if you own an LLC and get sued, you can generally rest assured that your personal bank accounts, personal residence, and all your other personal assets will be protected. In terms of a rental or investment property, then, if you form an LLC and somebody gets injured on the property and wants to sue for damages, they would have to sue the owner of the property, which would be the LLC. And they would only be able to collect from the assets of the LLC (i.e. the property itself and any additional business assets such as bank accounts). So, the purpose of having an LLC for your investment or rental property is to insulate your personal assets from the liabilities of the property. The second question that generally gets asked is “I have more than one rental property; do I need to have an LLC for each one?” The answer to this is: it depends. Depends primarily on your tolerance for risk and how much additional administrative crap work you want to deal with. If you have one LLC that holds multiple properties, you should still be protected personally from liabilities of any of those properties. However, as I mentioned above, any assets of an LLC can be subject to liability. So if there is a lawsuit regarding one property in the LLC, all of the other properties in the LLC will be at risk as well. If you have a separate LLC for each property, then each one will be insulated from the liabilities of the others. That’s a good thing and, ideally, the best way to do it. However…lets say you have two, three, four, five different properties and want to put them each into their own LLC. That’s two, three, four, five different LLCs that you now have to run. That means different bank accounts, books, Operating Agreements, annual filings, tax returns, etc., that you have to take care of. That can obviously become pretty time consuming and expensive. So there really is no real answer to that question. If you want to put the time and money into each LLC in order to have full limited liability, then that is fantastic. But in some cases it may be overkill and just not worth the hassle. The last thing that comes up a lot with LLCs for rental or investment properties is the fact that the LLC has to actually own the property. That means the LLC must hold title to the property. This can be accomplished by deeding the property to the LLC. (People like to do this on their own a lot. There can be big, bad results from using the wrong type of deed or filling it out incorrectly or incompletely. I strongly recommend you seek help from an attorney with this.) The other consideration with doing this is, if you have a mortgage on the property, and the mortgage is between you personally rather than the LLC, your lender may not like you transferring ownership of the property to the LLC. Most mortgages have a “Due On Sale” or similar clause that allows the lender to call the entire mortgage upon transfer of the property. So if the lender finds out you transferred the property, they may try to get you to pay the entire remaining balance of the mortgage. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved. Sad solo dance party music by: Stryv - Surge (Original Mix) by Stryv is licensed under a Creative Commons Licence. https://soundcloud.com/stryvmusic/str... More info about the license: http://creativecommons.org/licenses/b...
Views: 43104 180 Law Co. LLC
Why we use Debits and Credits (Balance Sheet)
 
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ZACH DE GREGORIO, CPA www.WolvesAndFinance.com This video explains why we use Debits and Credits. It starts with the Balance Sheet. There are two sides: Assets and the other side is Liabilities & Owner's Equity, which follows the equation A=L+O.E. Each side always balances the other side out. It is common sense that you want to track a company's assets. This includes all the property in the company. But accountants go a step further. They also track the other side of the Balance Sheet, which includes assets and liabilities. One side of the Balance Sheet is the Assets, the other side is the claims against those Assets. In the big picture, when you first set up a company, there is only a business entity. Then different parties put Assets into the business. In order to manage a business, you need to be able to track who has claims against those assets. This is the whole point of double entry bookkeeping, because you are always tracking two different things. In single entry bookkeeping you would only keep track of your assets. It gets even more complicated, because the equation is actually longer. The full equation is Assets = Liabilities + Owner's Equity + (Revenue - Expenses). Because during day to day operations, you are always either generating a profit or loss and that effects your assets and your claims against your assets. Every journal entry flows through this equation, to the trial balance, and eventually to your balance sheet. The video ends by walking through several journal entries. 1) Purchase inventory 2) Pay Expense with Cash 3) Take out a bank loan 4) Make a sale 5) Purchase equipment with cash Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
Views: 2733 WolvesAndFinance
Introduction to Balance Sheets | Housing | Finance & Capital Markets | Khan Academy
 
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Using a home purchase to illustrate assets, liabilities and owner's equity. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/home-equity-tutorial/v/more-on-balance-sheets-and-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This old and badly drawn tutorial covers a topic essential to anyone planning to not live in the woods -- your personal balance sheet. Since homes are usually the biggest part of these personal balance sheets, we cover that too. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 712844 Khan Academy
Fixed Assets Purchase in GST||Capital Goods Purchase in GST||Purchase of Fixed Assets under GST ||
 
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How to book Purchase of fixed or capital goods under GST in Tally ERP9
Views: 3649 Parvez Ansari
Debit and Credit 👍
 
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A debit is an accounting entry that either increases an asset or expense account or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account or decreases an asset or expense account. It is positioned to the right in an accounting entry. Debit and Credit Rules To like us on Facebook, visit https://www.facebook.com/accountingPlusS/ Subscribe us: https://www.youtube.com/accountingplus The rules governing the use of debits and credits are as follows: All accounts that normally contain a debit balance will increase in amount when a debit (left column) is added to them and reduced when a credit (right column) is added to them. The types of accounts to which this rule applies are expenses, assets, and dividends. All accounts that normally contain a credit balance will increase in amount when a credit (right column) is added to them and reduced when a debit (left column) is added to them. The types of accounts to which this rule applies are liabilities, revenues, and equity. The total amount of debits must equal the total amount of credits in a transaction. Otherwise, an accounting transaction is said to be unbalanced, and will not be accepted by the accounting software. Debits and Credits in Common Accounting Transactions The following bullet points note the use of debits and credits in the more common business transactions: Sale for cash: Debit the cash account | Credit the revenue account Sale on credit: Debit the accounts receivable account | Credit the revenue account Receive cash in payment of an account receivable: Debit the cash account | Credit the accounts receivable account Purchase supplies from the supplier for cash: Debit the supplies expense account | Credit the cash account Purchase supplies from a supplier on credit: Debit the supplies expense account | Credit the accounts payable account Purchase inventory from the supplier for cash: Debit the inventory account | Credit the cash account Purchase inventory from a supplier on credit: Debit the inventory account | Credit the accounts payable account Pay employees: Debit the wages expense and payroll tax accounts | Credit the cash account Take out a loan: Debit cash account | Credit loans payable account Repay a loan: Debit loans payable account | Credit cash account Debit and Credit Examples Arnold Corporation sells a product to a customer for $1,000 in cash. This results in revenue of $1,000 and cash of $1,000. Arnold must record an increase of the cash (asset) account with a debit, and an increase of the revenue account with a credit. The entry is: Debit Credit Cash 1,000 Revenue 1,000 Arnold Corporation also buys a machine for $15,000 on credit. This results in an addition to the Machinery fixed assets account with a debit, and an increase in the accounts payable (liability) account with a credit. The entry is: Debit Credit Machinery - Fixed Assets 15,000 Accounts Payable 15,000 Other Debit and Credit Issues A debit is commonly abbreviated as dr. in an accounting transaction, while a credit is abbreviated as cr. in an accounting transaction.
Views: 113 Accountingplus
INTRODUCTION TO ACCOUNTING (Part 3) Purchase of Goods and Assets Entries
 
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basics of accounting includes defination of basic terms of accounts ,Golden Rules of accounts , how to create a transaction entries in accounts . in this video accounts start from zero it is helpful for 11th and 12th students and also helpful for competative exams .XIth Accounting basics & Journal entries.INTRODUCTION TO ACCOUNTING
Views: 292 Suresh Makwana
Credit Cards, Fixed Assets, and Other Accounting Efficiencies
 
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Credit Cards, Fixed Assets, and Other Accounting Efficiencies
Views: 61 Unanet Services
Lump Sum Purchase of Assets
 
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This video explains how to record a lump sum purchase when a group of assets are purchased in a single transaction
Views: 597 Matthew Fisher
Rules of Debit and Credit - Part 1 of 4 by Vijay Adarsh | Class 11 | Stay Learning | (HINDI)
 
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Rules of Dr. and Cr. by Vijay Adarsh Classification of Accounts: 1) Modern Approach 2) Traditional Approach 1) Modern Approach: a) Assets b) Liabilities c) Capital d) Revenue e) Expenses 2) Traditional Approach: a) Personal Accounts b) Real Accounts c) Nominal Accounts ▶ Buy Now all Video Lectures - http://www.vijayadarsh.com Join us on Facebook: https://www.facebook.com/VijayAdarshIndia Join us on Google+: https://plus.google.com/u/0/+VIJAYADARSH Website: http://www.vijayadarsh.com E-mail: [email protected] Contact: +91 9268373738 (Buy Now all Video Lectures) About Video Lectures: Video Lectures for Accountancy for Class 11th by Vijay Adarsh evolved as utility services for our own students. These are our classroom lectures which form a very good source of study material. LEARN AT YOUR OWN TIME : OWN SPEED : OWN PLACE StayLearning provides video lectures of Accountancy, Micro & Macro Economics, Mathematics, Income Tax, Corporate Accounting, Business Mathematics, Business Statistics, Cost Accounting, Financial Management (FM), for Class 9, 10, 11, 12, B.Com (Hons/Prog) – First Year (FY), Second Year (SY) and Third Year (TY), M.Com, MBA Examination by the best & renowned teachers. The Lectures Covers in full depth, the description of all the involved concepts. Studying through lectures largely reduces the need of individual tuition. Lectures can be use at a pace which suits us. Students can pause and rewind the lectures according to their need. Complete practice tests and solutions of every topic would also be provided. About Video Lectures: Video Lectures for Accountancy for Class 11th by Vijay Adarsh evolved as utility services for our own students. These are our classroom lectures which form a very good source of study material. LEARN AT YOUR OWN TIME : OWN SPEED : OWN PLACE StayLearning provides video lectures of Accountancy, Micro & Macro Economics, Mathematics, Income Tax, Corporate Accounting, Business Mathematics, Business Statistics, Cost Accounting, Financial Management (FM), for Class 9, 10, 11, 12, B.Com (Hons/Prog) – First Year (FY), Second Year (SY) and Third Year (TY), M.Com, MBA Examination by the best & renowned teachers. The Lectures Covers in full depth, the description of all the involved concepts. Studying through lectures largely reduces the need of individual tuition. Lectures can be use at a pace which suits us. Students can pause and rewind the lectures according to their need. Complete practice tests and solutions of every topic would also be provided. ▶Visit Now : http://www.vijayadarsh.com Contact: +91 9268373738 (Buy Now all Video Lectures)
Views: 633134 StayLearning
Noncurrent Assets in Financial Accounting
 
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This video explains what noncurrent assets are and highlights the most common types, including: long-term investments, PP&E, intangible assets, and other assets. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 13695 Edspira
Sale of Capital Goods /Fixed Assets Under GST in Tally ERP 9
 
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How to Sale Fixed Assets/Capital GOODS under GST
Views: 2055 Khatri Digital TV
Introduction to Financial Accounting: Purchasing and Selling Inventory
 
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An explanation by Larry & Trisha on the purchase and sale of inventory. Topics we have fun with include the journal entries from the buyers and sellers perspective.
Views: 4791 Accounteam

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