Financial Accounting

Full Course

COURSE FEATURES

  • Video Language: English/Hindi

  • No of Lectures: 78 Lectures

  • Duration: 69 Hour 30 Min

  • Validity: 1 Year

  • Available in: Download Link / Pen Drive / SD Card

  • Video Runs on: Windows Computer or Android Mobile

  • Package: Video Lectures + Soft Copy (Pdf) of Study Material

  • Doubts: Email or WhatsApp*

  • Delivery: Within 24 hrs for Download Link and 3 to 8 Days for Pen Drive/SD Card

COURSE DETAILS

Join the No. 1 Financial Accounting for B.com Prog Delhi University Students that covers the latest syllabus as per Delhi University guideline.

 

This course is taught from most popular book Financial Accounting by J R Monga which is easily available from book stores.  

 

This course covers 16 Chapters that includes 120 video lectures, soft copy of study material, quick revision notes, past year board papers, free doubt session and many more.

In this BCP 1 Financial Accounting class 11th Course we start from concepts of chapter then we take you through basic conceptual questions and finally we take you to advance level questions so that you can face CBSE Board Exam easily and score high marks in final exam.

"We not only teach concepts, but also discuss many conceptual questions asked in past CBSE board exam through step by step video tutorials in Hindi & English"

Class 11th Mathematics Course is specially prepared for CBSE Board students which is recorded in the presence of many students. Every doubts and confusion of students are discussed and cleared in video.

You will enjoy each and every video like you are learning in face to face tuition.

Available in

  • Download Link

    for Windows/Android

  • Pen Drive

    for Windows Desktop/Laptop

  • SD Card

    for Android

Course Syllabus : for Financial Accounting

    • 01: Meaning of Final Accounts, Final Accounts of a Sole Trader, Capital Expenditures, Revenue Expenditures, Revenue Expenditures Becoming or to be Treated as Capital Expenditures, Deferred Revenue Expenditures, Capital and Revenue, Capitalised Expenditure, Capital and Revenue Profits, Capital and Revenue Losses, Capital and Revenue Payments, Gross Profit, Net profit, Financial Position, SL Examples, Solution of Practical Questions 35 min
    • 02: Debit and Credit Balances in the Trial Balance, Trading Account, Direct Expenses on Goods, Closing Entries Relating to Trading Account, (Pro Forma) Trading Account, Objectives of Trading Account, Advantages of Trading Account Profit And Loss Account, Advantages of Profit And Loss Account, SL Examples, Solution of Practical Questions 40 min
    • 03: Difference Between Gross profit and Net profit, Difference Between Trading Account Profit And Loss Account, Preparation of Profit And Loss Account Closing Entries Relating to Profit And Loss Account, (Pro Forma) Profit And Loss Account, Difference Between Outstanding Income And Accrued Income, Meaning of Operating Profit, Meaning of Non-Operating Profit, Consideration of Some Individual Items, Golden Hints to solve Questions, SL Examples, Solution of Practical Questions 47 min
    • 04: Manufacturing Account, (Pro Forma) Manufacturing Account, Difference Between Trading Account and Manufacturing Account, Balance Sheet, Purpose of Balance Sheet, Difference Between Trial Balance and Balance Sheet, SL Examples, Solution of Practical Questions 44 min
    • 05: Classification of Assets, Classification of Liabilities, Capital or Owner(S)' Equity Grouping and Marshalling, Advantages Of Marshalling, Methods of Marshalling, Balance Sheet (In Order Of Liquidity), Balance Sheet (In Order Of Permanence), Advantages Of Balance Sheet, SL Examples, Solution of Practical Questions 46 min
    • 06: Adjustments, Objects Or Purposes Or Advantages Of Adjustments, Adjusting Entries, Difference Between Adjusting Entries and Closing Entries, Most Frequent Adjustment Entries, Consideration of Some Important Points While Preparing the Final Accounts of a sole Trader, Adjustments at a Glance, SL Examples, Solution of Practical Questions 51 min
    • 07: Golden Concept Discuss – Adjustments appearing inside the Trial balance, Golden Concept Discuss – Adjustments appearing outside the Trial balance, SL Examples on adjustments of closing stock, Calculation of Net Profit before Commission, Calculation of Net Profit after commission, SL examples on Goods adjustments, SL Examples on Adjustments of Provision for bad debts and doubtful debts, Accounting Treatment – Accrued Income or Income earned but not yet received in Final Account Prepare, SL Examples, Solution of Practical Questions 49 min
    • 08: Golden Concepts on Miscellaneous Adjustments appearing in the trial balance for Prepare Final Account, SL Examples, Solution of Practical Questions 38 min
    • 09: Golden concepts on adjustments appearing inside the trial balance for prepare final accounts, SL Examples, Solution of Practical Questions 39 min
    • 10: Definition of Financial Statements, Financial Statements includes, Define Final Account, Meaning of Accounting Process, Transactions, Recording, Classification, Summarising, SL Examples, Solution of Practical Questions 48 min
    • 11: Prepare Trading Account, Prepare Profit and Loss Account, Golden concepts for define Direct Expenses and Indirect Expenses, Goods sent on Sale or approval basis, Golden hint to adjust cheque dishonoured and cheque received, Difference between Cost Price and Sale price, SL Examples, Solution of Practical Questions 50 min
    • 12: Omitted Purchases of Fixed Assets, Interest on Capital, Notional Rent of the Building, Discuss Important Formula, Adjustments of Loss by Fire Partly Insured, Adjustments of Over-casting of Stock, Adjustments of Works Manager’s commission, Formula of cost of Goods sold, Formula of Operating Profit, Formula of Operating Cost, Formula of Gross Profit, Formula of Net Profit, Golden Hint to SL Examples, Solution of Practical Questions 42 min
    • 01: Meaning, Types or Forms, Characteristics Or Features of NPO, Need For Maintaining or Keeping Accounts, Difference Between Profit Making (Trading) and Not-For-Profit (Non-trading) Organisations, Books of Account and Registers, Accounting Procedures – Receipts and Payments, Income and Expenditure, Balance Sheet (closing), Working Note – Balance Sheet (Opening) Capital Fund, Types of Questions of NPO – Case I, Case II, Case III, Case IV, Types of Receipts – Capital Receipts and Revenue Receipts, Types of Payments – capital payments and revenue payments, Format of Subscriptions Account, Calculation of amount of consumable Items like Stationary, Calculation of Credit Purchase, SL Examples, Solution of Practical Questions Preview52 min
    • 02: Calculation of Expenses related to Current Year, Calculation of Income related to Current Year, Define about types of donation, Adjustments of Sale of fixed assets, Final Accounts, Receipts and Payments Accounts, Pro-forma Receipts and Payments Accounts, Advantages of Receipts and Payments Accounts, Disadvantages or Limitations of Receipts and Payments Accounts, Difference Between Cash Book and Receipts and Payments Accounts, Distinction Between Receipt and Income, SL Examples, Solution of Practical Questions 46 min
    • 03: Golden Hints to Prepare Subscription Account, Difference Between Payment And Expenditure, Income and Expenditure Account, What is Income, What is Expenditure or Expense, (pro-forma) Income and Expenditure Account for the Year Ending On....(Last Date Of Accounting Period), Distinction Between Income and Expenditure Account and Receipts and Payments Accounts, Distinction Between Income and Expenditure Account and Profit And Loss Account, SL Examples, Solution of Practical Questions Preview35 min
    • 04: Balance sheet (pro-forma) Balance sheet as on ...(closing date), Difference Between Capital and Capital Fund, Treatment of Some Special Items In the Final Accounts of a NPO, Calculation of Actual Amount of any Income Item to be Posted to Income and Expenditure Account, Calculation of Actual Amount of any Expense Item, SL Examples, Solution of Practical Questions 37 min
    • 05: Calculation of Actual Amount of Stationery Used or Provision Used Or Medicine Used, Rules Regarding Income and Expenses relating to a Particular Fund, Preparation of Income and Expenditure Account and Balance sheet from the given Receipts and Payments Account, Preparation of Receipts and Payments Account, When Balance Sheet are to be Prepared, Receipts and Expenditure Account, SL Examples, Solution of Practical Questions 44 min
    • 06: Calculation of Income Related to Current Year, Calculation of consumable Items, SL Examples, Solution of Practical Questions 41 min
    • 07: Golden concepts Discuss – When in NPO questions given Receipts and Payments Account and Adjustments and required to Prepare Income and Expenditure Account and Balance Sheet (closing), SL Examples, Solution of Practical Questions 38 min
    • 08: Calculation of Cricket Goods consumed, SL Examples, Solution of Practical Questions 36 min
    • 09: Golden concepts Discuss – When in NPO questions given Income & expenditure A/c and Adjustments and required to Prepare Receipts & Payments A/c, Balance Sheet (Closing), SL Examples, Solution of Practical Questions 35 min
    • 10: Types of Questions in NPO – Case III : Given in questions – Receipts & Payments A/c and Income & Expenditure A/c :- Required to prepare Balance Sheet (closing), SL Examples, Solution of Practical Questions 34 min
    • 11: Types of Questions in NPO – Case IV : Given in questions – Balance Sheet (Opening) and Balance Sheet (Closing) :- Required to prepare Receipts & Payments A/c and Income & Expenditure A/c, SL Examples, Solution of Practical Questions 39 min
    • 12: Consumption of Medicines, Capitalised Entrance Fees, Missing Capital Fund, SL Examples, Solution of Practical Questions 37 min
    • 01: Depreciation Meaning, Nature of Depreciation, Depletion, Amortization and Obsolescence’s, Accounting Concept of Depreciation, Characteristics of Depreciation, Need or Necessity for Depreciation, The Causes of Depreciation, Factors or Elements Affecting Depreciation, Is Depreciation a Source of Funds, Straight Line Method (SLM), Diminishing Balance Method (DBM), Comparison Table for solve questions, Prepare Machinery Account, Rate of Depreciation, Depreciation Formula, SL Examples, Solution of Practical Questions 45 min
    • 02: Change of Method Retrospectively, Calculation of Additional Depreciation, Maintain Working Notes, Calculation of Profit or Loss on Sale of Machine, Calculation Of Depreciation for Assets Purchased During the Year, Accounting Treatment, Methods of Providing Depreciation, Component Accounting, SL Examples, Solution of Practical Questions 42 min
    • 03: Change of Method Prospectively, Straight Line Method (Fixed or Equal Instalment Method), Diminishing Balance Method (Written Down Value or Reducing Balance Method), Difference Between Straight Line Method and Diminishing Balance Method, Calculation of Depreciation for Assets purchased during the year, SL Examples, Solution of Practical Questions 41 min
    • 04: Retrospectively Effect, Rectification of Errors, Units of Production Method, Sale or Disposal of Fixed Assets, Provision of Depreciation Account, Change of Method, Loss by Accident and Insurance Claim, Appendix : Salient Features of AS-10 Property plant and equipment, Dismantling Charges, Accumulated Depreciation, SL Examples, Solution of Practical Questions 35 min
    • 05: Revaluation Model, Calculation of Revaluation Reserve, Calculation of Book value of Machine, Golden Concepts on Change of Method for Charging Depreciation, How to calculate depreciation if method of depreciation change, SL Examples, Solution of Practical Questions 42 min
    • 06: Computation of Difference in Depreciation because Method Change SLM to DBM, SL Examples, Solution of Practical Questions 41 min
    • 07: Prepare Different Account, Assets Account, Depreciation Account, Provision of Depreciation Account, Assets Disposal Account, Prepare Machinery Disposal Account, Annuity Method, SL Examples, Solution of Practical Questions 42 min
    • 01: Meaning of Inventory, Objectives of Inventory Valuation, Inventory Systems, Methods of Valuation of Inventories Appendix: Ind-As-2- Inventories, Formula of Cost of Goods Sold, Periodic Inventory system, Perpetual Inventory System, Steps follow in Weighted Average Method, SL Examples, Solution of Practical Questions 35 min
    • 02: Define Periodic Inventory system, Define Perpetual Inventory System, Methods of Valuation of Inventories, First-in, first-out (FIFO), Last-in-first-out (LIFO), Weighted Average Method, SL Examples, Solution of Practical Questions 37 min
    • 03: Steps follow in First-in-First-Out (FIFO) Method, Steps follow in Last-in-First-Out (LIFO), Weighted Average Cost Method, SL Examples, Solution of Practical Questions 40 min
    • 04: Calculating Cost of ending inventory, Calculation of Gross Profit, Calculation of cost of sales, Calculation of Cost of purchase, Calculation of value of closing stock, SL Examples, Solution of Practical Questions 42 min
    • 01: Basic concepts, Meaning of Hire Purchase System, Define Hire Purchase system by Diagram, Hire Purchaser and Hire Vendor, Golden Hint on Hire Purchase, Instalment System, Legal Position, Features of Hire Purchase System, Legal Position on Default, Difference Between Hire Purchase System and Credit Sale, Terms – Total Cash Price, Hire Purchase Price, Instalment, Down Payment, Golden concepts of Calculation of Interest in different situation, Table format for Calculation of Interest, SL Examples, Solution of Practical Questions Preview39 min
    • 02: Quick Revision, SL Examples on Calculation of Interest, Golden Concepts, Instalment Purchase System, Features Of Instalment Purchase System, Difference Between Hire Purchase System and Instalment System, Meaning of Technical terms used in the Hire Purchase Agreement, SL Examples, Solution of Practical Questions 41 min
    • 03: Calculation of Interest, Accounting Treatment in Hire Purchaser's Books, Accounting Treatment in the books of Hire Vendor, Book of Hire Purchaser – Ledgers, Book of Hire Vendor – Ledgers, Full Cash Price Method is Best Method, Golden Journal Entries, SL Examples, Solution of Practical Questions 46 min
    • 04: Calculation of Interest when rate of Interest Missing, Compute Allocation of Instalment money between Interest and Cash Price, Hire Vendor Account, Assets Account, Hire Purchaser Account, Goods Repossessed Account, Interest Account, Golden Hints to solve questions, Preparation of Necessary Accounts, Accrual System of Hire Purchase, Default and Repossession, SL Examples, Solution of Practical Questions 35 min
    • 05: Calculate amount of interest, Calculate total cash price, Calculate Hire Purchase Price, Calculate Depreciation, Default and Repossession, Repossession Meaning, SL Examples on Full Repossession, SL Examples on Partial Repossession, Hire Purchase Trading Account, SL Examples, Solution of Practical Questions 45 min
    • 06: Hire Purchase Trading Account at cost Price, Hire Purchase Trading Account at Selling price, Repossession of Goods, SL Examples, Solution of Practical Questions 48 min
    • 07: Conservatism Principle and Profit on Revaluation, Calculation of Missing Figure, Stock and Debtors System, SL Examples, Solution of Practical Questions 37 min
    • 08: Loss on sale of goods repossessed, Calculation in Partial Repossession, Calculation in Full Repossession, SL Examples, Solution of Practical Questions 50 min
    • 09: Calculation of repossession amount according to Hire Purchaser, SL Examples, Solution of Practical Questions 49 min
    • 10: Computation of Value of Trucks taken away, Computation of Value of Trucks left with the Purchaser, Calculation of repossession amount according to Hire Vendor, SL Examples, Solution of Practical Questions 39 min
    • 11: Calculation of Missing Figure, Stock in the Shop Account, Stock with Customers Account, Instalment Due Account, Accounting Treatment - Stock and Debtors System, Calculation of value of assets taken by Hire Vendor, Stock Reserve Account, Hire Purchase Adjustment Account, Hire purchase Debtors Account, Hire Purchase Stock Account, SL Examples, Solution of Practical Questions 44 min
    • 12: Calculation of value of machine retained, calculation of value of machine returned, Calculation of remaining assets, Hire Purchase Trading Account at selling Price, Hire Purchase Trading Account at cost price, SL Examples, Solution of Practical Questions 48 min
    • 01: Meaning and Procedure, Purchasing and Leasing an Asset, Advantages of Leasing, Disadvantages of Leasing, Main Types of Leasing, Different Terms – Lessor, Discounted rate, Minimum Lease payment, Lease period, Guaranteed Residual value, Unguaranteed Residual value, Fair value at the time of beginning of lease, SL Examples, Solution of Practical Questions 39 min
    • 02: Operating or Non -Pay Out Lease, Financial or Full Pay out Lease, Calculation of Present Value of minimum lease payment, Important Formula Discuss – Unearned Finance Income, Net Investment in Lease, Total earning of lessor, Golden Journal given, SL Examples, Solution of Practical Questions 45 min
    • 03: Calculation of Gross Investment in Lease, Financial Lease vs. Operating Lease, Accounting for Financial Lease (Books of Lessee), Interest Rate Implicit on Lease, SL Examples, Solution of Practical Questions 41 min
    • 04: Prepare Purchase Account, Prepare Lease Rent Account, Prepare Profit and Loss Account, Compute Annual Lease Rent, Calculate Depreciation, Accounting for Financial Lease (Books of lessor), Accounting for Operating Lease, SL Examples, Solution of Practical Questions 38 min
    • 01: Basic Concept, Meaning of Branch Accounting, Methods of Accounting – Debtors system and Stock & Debtor system, Accounting Treatment in the Book of Head Office, Golden Journal Entries Discuss, Format of Branch A/c, Format of Branch Debtor A/c, Goods sent to branch a/c, Format of Branch Stock A/c, Golden Hint, SL Examples, Solution of Practical Questions 48 min
    • 02: Memorandum Branch Debtors Account, Transferred to Branch at Loaded Price, Stock-Debtors System, SL Examples, Solution of Practical Questions 45 min
    • 03: Branch Stock Account, Branch Adjustment Account, Branch Profit and Loss Account, Branch Expenses Account, Branch Asset Account, SL Examples, Solution of Practical Questions 35 min
    • 04: Accounting Treatment Stock-Debtors System, Cash Losses at Branch, Treatment of Surplus or Small Gains, Loss of Branch Stock, Questions solve by Debtors system method, SL Examples, Solution of Practical Questions 38 min
    • 05: Prepare Branch Account at Cost Price, Prepare Branch Account at Invoice Price, Discuss by Example Cost Price and Invoice Price, SL Examples, Solution of Practical Questions 48 min
    • 06: Calculation of Invoice Price, Stock and Debtors System, Golden Hint – Format of GSTB A/c, Format of Branch Expenses A/c, Format of Petty Cash A/c, Format of Branch Debtors A/c, Format of Branch Cash A/c, SL Examples, Questions solve by Stock and Debtors System, Solution of Practical Questions 47 min
    • 07: Format of Branch Stock A/c, Format of Branch Adjustment A/c, Format of Branch Profit and Loss Account, Golden Hints, Ascertainment of closing stock, Calculation of shortages, SL Examples, Solution of Practical Questions 42 min
    • 08: Solution When goods are supplied at cost price, Solution when goods are transferred at cost, Journal Entries for Adjustment of Profit margin, Calculation of Loading Amount, SL Examples, Solution of Practical Questions 44 min
    • 09: Nature of Branch Accounting, Features of Dependent Branches, Accounting For Dependent Branches, Debtors System, Salient Features OF Debtors System, SL Examples, Solution of Practical Questions 49 min
    • 10: Calculate invoice price of goods, Calculation of Debtors at the end, Questions solve by Stock and Debtors System, SL Examples, Solution of Practical Questions 50 min
    • 01: Meaning of Departmental Accounting, Purpose, Advantages of Departmental Accounting, Difference Between Departmental Accounting and Branch Accounting, Methods of Departmental Accounting, Allocation of Expenses, Independent Departments, Dependent Departments, Formula for Stock Reserves, Format of Departmental Trading Account, Calculation of Rates of Gross Profit, Calculation of Cost Price, Calculation of Unrealised Profit, SL Examples, Solution of Practical Questions Preview39 min
    • 02: Types of Departments, Inter-Department Transfers, Stock Reserves, Calculation of Stock Reserves, Calculation of percentage of Gross Profit on turnover, Calculation of Department – wise units of opening stock, statement showing Net profit of Each Department, SL Examples, Solution of Practical Questions 45 min
    • 03: Departmental Trading and Profit & Loss Account, Calculate Gross Profits for the two Departments separately, Calculate the closing stock of the respective departments, SL Examples, Solution of Practical Questions 41 min
    • 01: Fundamentals of Partnership, Definition and Essentials, Nature of Partnership, Minimum and Maximum Nos. of Partners, Calculation of Profit Sharing Ratio, Calculation of Interest on Drawings, Calculation of Interest on Capital, Calculation of Interest on Loan, Calculation of Manager’s salary after commission, SL Examples, Solution of Practical Questions 37 min
    • 02: Partnership Deed, Contents of Partnerships Deed, Provisions of Partnership Act Affecting Accounting Treatment, SL Examples, Solution of Practical Questions 41 min
    • 03: Capital Accounts, Fixed Capital Accounts, Fluctuating Capital Accounts, Distinction Between Fixed and fluctuating Capital Accounts, SL Examples, Solution of Practical Questions 44 min
    • 04: Profit and Loss Appropriation Account, Interest on Capital, Interest on Drawings, Settlement of accounts in the event of insolvency of a partner, SL Examples, Solution of Practical Questions 35 min
    • 05: Partners Salaries, Partners Loan Account, Capital Accounts, Capital Ratio, Past Adjustments, Guarantee of Profit to a Partner, SL Examples, Solution of Practical Questions 42 min
    • 06: Calculation of Interest on partner’s loan to the firm, Rules for when the partners have no partnership deed, Prepare Statement showing Balances of Capital at the End, SL Examples, Solution of Practical Questions 48 min
    • 07: Fixed Capital Method, Fluctuating Capital Method, Format of Profit & Loss Appropriation A/c, Journal Entries – Interest on Drawings, Interest on Capital, Partners salary, Prepare Partners Capital Accounts, Calculate Capital Ratio, SL Examples, Solution of Practical Questions 50 min
    • 08: Admission of a Partner, Changes in Profit Sharing Ratio, Meaning of Goodwill, Methods of Valuation Of Goodwill, SL Examples, Solution of Practical Questions 45 min
    • 09: Accounting Treatment of Goodwill, No Goodwill Account in the Books of Account, Revaluation O Assets And Liabilities, When the Revised Values are not to be Recorded in the Books, Treatment of Undistributed Profits/Reserves, Adjustments Regarding Capital, Adjustments of Joint Life Policy, SL Examples, Solution of Practical Questions 43 min
    • 10: Guarantee of Profit to a Partner, Calculation of changes in Profit Sharing Ratio, Calculation of Value of goodwill, Revaluation of assets and Reassessment of Liabilities, Distribution of accumulated profits, SL Examples, Solution of Practical Questions 38 min
    • 11: Effect of Retirement/Death, Calculation of amount to be Paid, Mode of Payment Calculation of Gaining or Benefit Ratio, Valuation Of Goodwill, Calculation of Gaining or Benefit Ratio, Concept of Death of a Partner or Retirement of a Partner, SL Examples, Solution of Practical Questions 36 min
    • 12: Accounting Treatment of Goodwill, Revaluation of Assets and Liabilities, Reserves and Undistributed Profits or Losses, Calculation of Profit on the date of Retirement/Death, Adjustments of Capital, Repayment of the Amount Due, Accounting Implications, SL Examples, Solution of Practical Questions 46 min
    • 13: Adjustment or re-arrangement of capital account, Adjustment of joint life policy, Accounting Treatment for Undistributed Profits and Reserves, Calculation of amount transferred to Current Account, Calculation of Gaining Ratio, Prepare Statement showing required adjustment for Goodwill, SL Examples, Solution of Practical Questions 49 min
    • 14: Calculation of New Profit Sharing Ratio, Calculation of Sacrificing Ratio, Methods of Valuation of Goodwill, Number of Year’s Purchase of Average Profit Method, Number of year’s purchase of past profits, Number of years purchase of super profits, Prepare Premium Account, SL Examples, Solution of Practical Questions 51 min
    • 15: Capitalisation of Expected Future Profits, Calculation of Average Profits, Calculation of Capital Employed, Calculation of Adjusted Profits, Calculation of Weighted Average Profits, Calculation of Hidden Goodwill, Calculation of share of goodwill, Prepare Balance Sheet, SL Examples, Solution of Practical Questions 52 min
    • 16: Premium brought in kind, Journal Entries – Transferring the amount of premium to sacrificing partners only, Calculation of investment by a new partner, Calculation of Profit on the Date of Retirement or Death, Calculation of Profit on Revaluation, SL Examples, Solution of Practical Questions 50 min
    • 17: Accounting Treatment – Incoming partner brings goodwill in cash but it is withdrawn by old partners, Calculation of Value of Goodwill, Goodwill existing in the books at time of admission, SL Examples, Solution of Practical Questions 47 min
    • 18: Accounting Treatment – Revaluation of Assets and Liabilities, Golden Hints for Prepare Revaluation Account, Prepare Memorandum Revaluation A/c, SL Examples, Solution of Practical Questions 44 min
    • 01: Basic Concepts, Meaning of Dissolution of Partnership Firm, Meaning and Legal Position, Settlement of Accounts(sec.48), Firm Debts vs. Private Debts, Distinction Between Firm Debts vs. Private Debts, Accounting Procedures – Realisation Account, Partners’ Capital Accounts, Partners’ Loan Account, Cash or Bank Account, SL Examples, Solution of Practical Questions Preview37 min
    • 02: Format of Realisation Account, Golden Hints, Accounting Treatment, Distinction Between Realisation and Revaluation account, Treatment of Realisation Expenses, Journal Entries, Accumulated Reserves, Profits, Losses and Fund Account, Goodwill on Dissolution, SL Examples, Solution of Practical Questions 45 min
    • 03: Golden Hints to solve questions, SL Examples, Remuneration to a Partner, Unrecorded Assets and Liabilities, Illustration on simple or General Dissolution Insolvency of Partners, Decision in Garner vs. Murray, Fixed vs. Fluctuating Capitals, SL Examples, Solution of Practical Questions 46 min
    • 04: When All Partners are Insolvent, Piecemeal Distribution, Order of Payment, What Constitutes Capital, SL Examples, Solution of Practical Questions Preview35 min
    • 05: Journal Entries for Expenses on Dissolution, Methods of Distribution, Proportionate or Surplus Capital Method, What is an Appropriate Ratio, Maximum Possible Loss Method, SL Examples, Solution of Practical Questions 43 min
    • 06: Meaning of Insolvency, One Partner Insolvency, All Partners Insolvency, Accounting Treatment for One Partner Insolvency – Garner vs. Murray case, Journal Entries for closing Realisation Account, SL Examples, Solution of Practical Questions 48 min
    • 07: Golden Concepts, Meaning of Solvent Partner, Adjusted Capital Ratio, Accounting Treatment – When capital are fixed, When capital are fluctuating, Solution – when Loan from Partner’s Wife and Unrecorded Assets, when assets given a creditor, SL Examples, Solution of Practical Questions 49 min
    • 08: Journal Entries for closing the accounts of various assets and Liabilities, Calculation of Adjusted Capital Ratio, Calculation of Insolvency Loss, Goodwill Purchased by any Partner, SL Examples, Solution of Practical Questions 35 min
    • 09: Prepare Deficiency Account, Prepare Partners Capital Account, Prepare Bank Overdraft Account, Prepare Creditors Account, Prepare Bank Account, Prepare Loan Account, SL Examples, Solution of Practical Questions 37 min
    • 10: Piecemeal Distribution, Methods of Piecemeal Distribution, Proportionate or Surplus Capital Method, Maximum Possible Loss Method, Distribution in the Profit-sharing Ratio, Distribution in the Capital Ratio, Prepare Statement showing Piecemeal Distribution, Prepare Statement showing Piecemeal distribution of cash, SL Examples, Solution of Practical Questions 45 min
    • 11: Determination of Surplus Capital, Calculation of Surplus Capital, Prepare Statement showing the Distribution of Gradual Realisations, Calculate Maximum Possible Loss, SL Examples, Solution of Practical Questions 48 min
    • 01: Preview0 min

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About the Author

Author: Vijay Adarsh

Vijay Adarsh is a Successful Teacher and Famous Coach. He is the most enthusiastic, dynamic, informative and result oriented coach. He is a commerce graduate from Delhi University. After completing B.com (Hons) from Delhi University, he completed his post-graduation and now pursuing PhD. He started teaching students and motivating people at the age of 17 and possesses a vast experience of teaching more than 47,000 hrs. He has simplified subjects and made it very interesting, Learning with Fun and Easy for the students. His easy class notes, beautiful animated & graphic presentations are popular among the students. He is popular among the student community for possessing the excellent ability to communicate the concepts in an analytical and graphical way. Apart from this, he has conducted many seminars & workshops as a Life Coach and Motivational Speaker on various topics for Students, Teachers, Schools, Businessman, Housewives, Income Tax Officers, Doctors, CA's and Corporate Houses. He is also the author of several Books, e-Books, Motivational Articles & Stories Books and Launched many Audio & Video Programs.

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