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Video instructions and help with filling out and completing Which Form 2220 Accounting

Instructions and Help about Which Form 2220 Accounting

Hi in this video I am going to explain how to prepare trial balance so before that we need to have some basic knowledge about accounts some accounts is the art of recording all the transaction in the books of accounts is called accounts okay so in of course the first thing is journal so journal is a book where we used to record all the transaction in a systematic manner in a proper way we need to record all the transaction for that purpose we need to have journal ok journey is only for recording all the transaction and after recording all the transaction into the journal the second step is we need to group the similar kind of transaction for that purpose we need to have ledger after preparing the ledger the third step will be trial balance trial balance is not an account it's only a statement which shows debit balances and critic balances of all accounts in the ledger ok this will be like this just let's store all the items which you have prepared in the ledger and with this information they ask you to prepare trial balance so in order to prepare trial balance you need to understand two things first one is debit and credit so you need to have thorough knowledge about debit and credit so only thing you are going to do that just write each and every item in particular column and enter the amount either debit side or credit side so in order to identify whether the particular item is belong to debit or credit you need to have thorough knowledge of golden rules you know the three golden rules no so you need to have thorough knowledge about realloc and nominal account and personal account first thing you...

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