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welcome to my youtube channel and as we get ready to actually see how to prepare a profit and loss account as well as a balance sheet i would currently request you subscribe to my channel by clicking on the button below just in case youre new to this particular program now we have some piece of information which are actually extract of accounts relating to a particular business we have sales all the way to creditors and of course we also given additional information which are actually making part of the adjustments that are supposed to be made then from this information we are required to prepare a trading profit and loss account for the year as well as the balance sheet that is the statement of financial position as at the date given in this particular information now if you talk about the 3d profit and loss accounts for any typical business it is this particular financial statement which normally starts from the point goods are purchased until those goods are sold and thereafter we
