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| Name | Inventory with VAT | Journal Entries | Perpetual Inventory System |
| Video Uploader | Video From Counttuts |
| Upload Date | This Video Uploaded At 06-06-2020 22:31:40 |
| Video Discription | In this accounting lesson, we explain and go through examples of inventory and Value Added Tax (VAT) where we do the journal entries under the perpetual inventory system. We go through transactions where we bought inventory using cash, where we sold inventory, and recording inventory after physical stocktaking. In our journal entry, we account for inventory, bank, sales, cost of sales, Value Added Tax (VAT). Timestamps Inventory with VAT journal entries using the perpetual inventory system: 00:00 VAT (Value added tax) definition: 01:05 Input VAT definition explained: 01:53 Output VAT definition explained: 02:50 Inventory with Vat Journal entries perpetual inventory system example: 04:02 Inventory purchase with VAT journal entry using perpetual inventory: 05:31 Inventory sold with VAT journal entry using the perpetual inventory system: 08:13 Closing inventory using perpetual inventory system journal entry: 15:50 Debits & Credits in Accounting | Journal Entries Examples | Accounting Basics: https://youtu.be/DjONzUPnhkM Simple Formula for Calculating Percentages | Want over Have Formula: https://youtu.be/K80KmHZmKIA Inventory Explained: https://youtu.be/1gsOlay8Dpw Inventory with VAT | Journal Entries | Periodic Inventory System: https://youtu.be/0e45eQIShCo Inventory Journal Entries | Perpetual Inventory System | Explained with Examples: https://youtu.be/l_Nxoqsyf-Q Periodic Inventory System Explained with Journal Entry Example: https://youtu.be/-JMKSaQiaiU Sales On Credit - Perpetual Inventory System Journal Entry: https://youtu.be/krhLje8L4IA FIFO (First-In-First-Out) Method - PERPETUAL Example: https://youtu.be/5xtL-95lLdI First In First Out (FIFO) | PERIODIC Example: https://youtu.be/NNCMoiGkv6A Weighted Average Inventory Costing | PERPETUAL Example: https://youtu.be/GW3rsCCAUkw LIFO Method Accounting - Perpetual: https://youtu.be/WlGdJvPx6jQ Check out other straight-forward examples on our channel. We also offer one-on-one tutorials at reasonable rates. Connect with us: Email: info@counttuts.com Our Website: https://Counttuts.com Our Facebook Page: https://www.facebook.com/Counttuts Support our Efforts: https://www.patreon.com/Counttuts XtUyAVCjCMM |
| Category | Education |
| Tags | Perpetual Inventory inventory journal | Perpetual Inventory Explained | Periodic Inventory Explained | Periodic Inventory journal entry | Perpetual Inventory System Explained and Journal Entry Example | Perpetual Inventory inventory purchase entry | inventory with vat | financial accounting | perpetual inventory journal entry | perpetual inventory system adjusting entries | inventory value added vat general journal | inventory journal entries examples | inventory valuation | inventory costing |
