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Are you an Intermediate 1st Year (TSBIE) Accounts student struggling with the Profit & Loss Account chapter? Don’t worry — this video gives you a complete, step-by-step explanation in a simple and exam-oriented way. In this class, you will clearly understand: ✔ Meaning and purpose of Profit & Loss Account ✔ Difference between Trading Account & P&L Account ✔ Expenses recorded in P&L Account ✔ Incomes recorded in P&L Account ✔ Format of Profit & Loss Account (as per Inter syllabus) ✔ How Gross Profit is transferred ✔ How to calculate Net Profit / Net Loss ✔ Important adjustments explained simply ✔ Exam tips to score full marks This lesson is specially made for: 🎓 TSBIE Intermediate 1st Year Commerce Students 📘 Students preparing for Board Exams 🧮 Beginners who want strong basics in Accounts If you understand this chapter well, you can easily solve final accounts problems in exams. ⸻ 📌 Chapters Covered 00:00 Introduction 02:10 Meaning of Profit & Loss Account 05:45 Format Explanation 10:30 Expenses Side (Debit Side) 16:20 Income Side (Credit Side) 20:50 Gross Profit Entry 24:30 Net Profit Calculation 28:00 Exam Tips ⸻ 👉 Watch till the end for full clarity 👍 Like the video if it helps 📢 Share with your friends 🔔 Subscribe for more Inter Accounts classes Ranks – The Institute of Commerce Simplifying Commerce for Everyone