Accounting for Beginners | Part 5 | Trial Balance

In part 5 of Accounting for Beginners, we look at the Trial Balance. We explain what the Trial Balance is, the format of the trial balance, the balance sheet accounts section and the nominal accounts section, and how the trial balance is completed with the debits and credits. We also go through an example of doing the post-adjustment trial balance from a pre-adjustment trial balance with additional information.
Time stamps
What is a trial balance: 00:56
The format of a trial balance: 05:17
The balance sheet accounts section of a trial balance: 06:26
The nominal accounts section of a trial balance: 06:48
Prepare a trial balance from the ledgers: 07:50
Prepare a post-adjustment trial balance from a pre-adjustment trial balance: 19:43
Limitations of the trial balance: 58:02
Accounting for Beginners | Part 1 | The Accounting Equation: • Accounting for Beginne...
Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries: • Accounting for Beginne...
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): • Accounting for Beginne...
Accounting for Beginners | Part 4 | Accruals & Prepayments: • Accounting for Beginne...
Check out other straightforward examples and business-related topics on our channel.
We also offer one-on-one tutorials at reasonable rates as well as other accounting and tax services. Email us and/or visit our website or FaceBook page for more info.
Connect with us:
Email: [e-mail]
Our Website: Counttuts.com
Our Facebook Page: / counttuts
Support our Efforts: paypal.me/counttuts

[@thandolwethuntandotshabanashwa]

Never have done Accounting in my entire life but surely it’s a new passion mine . Enjoying your teachings 🙏🏼😭.

[@tinevimbogonye7987]

I was from scratch but now i got a deep understanding in Accounts through your tutorials 👏Greatly appreciated from Zimbabwe

[@user-pm4dn2lp9s]

Огромное спасибо, за эти 5 видео для новичков! Многое, что упустила на лекциях в универе, смогла понять наконец то тут 🥳

[@ruthakoli1014]

Your teaching is very easy to understand.

[@azminavelji4464]

Thank you very much. Your teaching is very clear and easy to understand. I really appreciate all the examples. God Bless you, may you have success as you spread success and knowledge😀👌💥

[@sminhliminhl9965]

I have never enjoyed an accounting lesson but this changed my mindset towards accounting... Thank you

[@manjulapaupiah5691]

Sir your thanks to your tutorials Accounting does not seem so scary as before, thank you for the great work

[@_missjohnson1309]

I was struggling with Accounting but after watching your videos
Everything is now clear
🤗🔥🔥🔥🔥
Thank you very much 🤗🤗🤗🤗

[@mmaditabasethiba6510]

Thank you so much for your clear explanation. It is only 2 weeks of watching your videos now i gain a great tutor.

[@true__daughter]

Thank you very much from Namibia, you really taught me a lot from the beginner video till this one 🔥🔥🔥🔥God bless you😇

[@JestinaDoe-jz2jl]

Thank you very much sir your teaching is very easy and simple I understand everything, I was told to do Accounting but I said no because I thought it is difficult but now from you I know how easy it is .

[@stellinastellina7841]

Thank you so much from Nigeria. I have learnt a lot from you, my ICAN foundation exam in 2 weeks. Thank you so much Sir and God bless 🙏

[@kaismutetwa1063]

Thank u so much love from Zimbabwe🇿🇼

[@nomsangalo745]

Thanks you for helping us. Some of us don't have accounting but we work at finance environment. . All these part you did make sense now and term explanation.

[@graceeb]

Thanks so much for your clear visuals and explanation. Appreciate it , a great help for my trainees.

[@user-oi2lv3xc1w]

I was struggling with accounts but all thanx to your teachings. Keep on the good job

[@audreytadya2657]

thank u so ,uch...your teachings are very lucid.....UZ,,,ZIMBABWE

[@mbalusesay5155]

You're doing great work 👏

[@kusalwije4966]

Excellent teaching thank you

[@ruthakoli1014]

I enjoy your class and learn a lot thank so much.

[@likonampendukana1521]

Thank u I am a beginner u are making things easy for me ❤

[@nosihleprudence-cb7tx]

All is clear thank You

[@rosechimbirai5639]

Thank you

[@fridahlesiba5515]

Thank you.This was helpful.

[@true__daughter]

Please make videos about “Accounts” cause you people really helped me out a lot from the beginning till here, I just wanna figure out how to record my transactions in “Accounts” like the “manufacturing account” please.❤️😭

[@chulumancomhaleni1862]

Thank you so much sir I really appreciate your videos and they are so helpful

[@damieteharry4929]

Thanks 🙏 I really enjoyed. Your lesson

[@Mohamed-nd5zy]

Thanks very much for the lessons as accounting is very difficult especially when u don't good tutor like who can help u

[@goodenoughmsawenkosidlamuk1458]

Very informative

[@user-oi2lv3xc1w]

Thank you so much

[@hymnsofeternity1996]

Thanks again for the video. From Kenya ❤❤😅😅

[@sibiyabanothile9199]

Sir.. how do you adjust the trading stock on hand transaction in preparations for post-adjustment trial balance when you use the periodic stock system

[@jescajeca963]

Grade9 General leger is too much but since i watched youe videos its now easy fir me🙏may God Bless yo

[@ShakiraTMukaringe]

thank you so much l really apreciate your help 😃

[@JeremiahRai-bq1cg]

Thankyou so much sir ,I watched all videos and now I have a clear understanding to sit for my test tomorrow.watching form Papua New Guinea 🇵🇬🇵🇬

[@Counttuts]

All the best :)

[@tlotlisomoshoeshoe4859]

this is so amazing ,thank you so much,stay blessed

[@SadiyaAbdulhamid-br5jg]

[@nonhlanhlamajola9411]

This is very helpful. Thank you Counttuts. 👏👏👏👏👏👏👏❤

[@thandoandiswa-zt6mr]

Thanks for helping us with your videos 😌 but can you please make a video about wages journal

[@ayanaba1]

Good

[@tinaphiri2026]

Hey sir is possible to start lessons now and be ready for the exam in September? I really enjoyed your teaching

[@user-pl3fk1fo1i]

THANK YOU PO SIR.....!!!

[@user-pl3fk1fo1i]

💯❣💟💕💞💓💗💖💝💘💌❤🌷🌹🥀🌼

[@matthewsmasombuka7263]

Another great video, thank you.

[@godgivenijakaa8403]

🔥🔥🔥🔥🔥🔥

[@IlyasAbdiAbdullahi]

Now you prepare the trial balance so when you prepare the trial balance which one do you prepare general journal or general leger I mean which one do you use when you prepare trial balance?

[@itjamuaha990]

👏🏾👏🏾👏🏾

[@graceeb]

Thanks!

[@namjoonswifeu4981]

I didn't understand one thing.... if we have 3 purchases account and in the trial balance there is only one purchases account so like should i add all three purchases so that it goes as one in the trial balance?

[@kamvambangata3429]

Lenny brought me here!

[@ivyseoka110]

Why is “trade payables” not classified as an expense be recorded in Nominal Account Section?

[@sabirigerigahakim6478]

How would you post a vehicle obtained on credit worth 7 million shillings.

[@IlyasAbdiAbdullahi]

Lecture number 8 you paid monthly rent, paid means you paid money so your money reduce and your expense are increase and expense increased in Dr side
That question I confused so please can you give me a detail

[@creativoco-working3971]

i.m in cairo university now i will be the best student in commerce department

[@omismaeel2011]

Mashai Allah, I was in cairo University too, just 14 years ago.😅
All the best.

[@molex7201]

I think the consummable stores at hand should be 5500 instead of 1500 cause you've said it's what we're left with at the end of the financial year...someone to help me understand why it's 1500

[@brunojurado8942]

18:00

[@KgG846]

That was alot....

[@juhandremillen7424]

Can you give me a link to the Word document you have about the PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2020, please.

[@ayanaba1]

Good

[@graceeb]

Thanks!