Year-End Closing Of Accounts By MAS (Mastering Accounting Skills)

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#closingentries #adjustingentries #adjustedtrialbalance #monthendclosing #yearendclosing #annualclosing
#closingofaccounts #closingoffinancialyear #monthlyclosing #mas #masteringaccountingskills #accountsclosing #yearlyclosing
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Mastering Accounting Skills

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You are an added value for Accounting world ...direct to the point...if there is Nobel prize for accounting you really deserve it

mahmoudalshami

thank you very much for explaining well

kinzafatima

perfectly easily understandable stuff 👌👍

ahsanamin

thank you so much for explaining us well

hinaaftab

Very help full . This type of accounting videos was waiting . Now got it

saeedmalol

perfect video for accounts closing, thanks for sharing, it will definitely help a lot of accountants who are new to the profession

hinabilal

Well done, very well explained, thank u for sharing such a great knowledge!

Sanjab

Thank u for making such an outstanding video
I have one request could u do a practical question of the same

AnujSharma-wtbw

I have two doubts. Please clarify. 1) Why do we need to close Inventory accounts to Income summary account? Inventory is an asset for us and therefore, isn't it a permanent account?

2) If we should close inventory accounts, then Under perpetual inventory method, do we still need to close opening stock to Income summary and closing stock to income summary?

Userttsslopez

Sir, maybe there is a mistake in step 7 account name is opening stock or closing stock. If it is opening stock for last year then why we are closing it please explain😇

farrukhsami

Assalamoalykum Brother, very impressive video, are you providing accounting Tutoring? in either case please let me know. Jazakum Allah khier

aminahammoumi

Does the Income Tax for 2021 reduce the retained earnings of 2021?

RaphaelDartigues

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