Profit & Loss Account Explained | Financial Statements (Part 3) | Cl 11 Accountancy Chapter 18 CBSE скачать в хорошем качестве

Profit & Loss Account Explained | Financial Statements (Part 3) | Cl 11 Accountancy Chapter 18 CBSE

In this video, we dive deep into the Profit and Loss Account — the second part of Income Statements — and understand how businesses determine their true profit or loss for an accounting period. 👉 Topics Covered: 1️⃣ Meaning and Purpose of Profit and Loss Account 2️⃣ Items on the Debit Side and Credit Side of P&L 3️⃣ Calculation of Net Profit or Net Loss 4️⃣ Detailed Format of a Profit and Loss Account 5️⃣ Connection between Trading Account and P&L Account 📊 Designed specially for Class 11 CBSE Accountancy students, this lecture builds your foundation for higher-level topics and ensures clarity for board exams. 🎯 Learning Outcome: By the end of this video, you’ll be able to confidently prepare and interpret a Profit and Loss Account, identify direct and indirect expenses, and understand how final results are derived. 🔗 Watch Next: 📺 Financial Statements (Part 4) – Balance Sheet Explained 🎓 Full Class 11 Accountancy Playlist: [   • Accountancy Class 11 | NCERT CBSE Full Cou...  ] 💬 Comment below your doubts — We will personally reply! #Class11Accountancy #ProfitAndLossAccount #FinancialStatements #CommerceAcademy #MadhurSir #CBSEClass11 #AccountancyMadeEasy #TradingAndPAndL #CommerceStudents #boardexam2025 #MithailalAndSundar 0:00 Introduction –Mithailal and Sundar 2:21 Profit and Loss Account Explained 4:06 Credit Side of P&L Explained 7:13 Debit Side of P&L Explained 11:25 Calculation of Profit and Loss 13:09 Detailed Format of P&L