Financial Accounting (2024-25)

Demo Videos : for Financial Accounting (2024-25)

• Chapter 1: Preparation of Final Accounts (Sole Trader) 13 Lectures 9 hrs 31 min
  • 01: Accounting Terms - Capital and Revenue Expenditures, Deferred Revenue Expenditures, Capitalised Expenditure, Calculation of Gross profit and Net profit, SL Examples 39 min
  • 02: Format of Trading A/c, Preparation of Trading A/c, Format of Trial Balance, Preparation of Trial Balance, Format of Manufacturing A/c, Solution of Practical Questions 41 min
  • 03: Preparation of Manufacturing A/c, Format of Profit and Loss A/c, Preparation of Profit And Loss A/c, Format of Balance Sheet, Preparation of Balance Sheet, SL Examples 45 min
  • 04: Grouping and Marshalling of Balance Sheet Items, Balance Sheet (In Order Of Liquidity) and (In Order Of Permanence), Preparation of Final A/c, Solution of Practical Questions 43 min
  • 05: Consideration of Some Important Points While Preparing the Final Accounts, Difference b/w Adjusting Entries and Closing Entries, Solution of Practical Questions 47 min
  • 06: Golden Concept – Adjustments appearing inside the Trial balance, Adjustment Entries – Closing Stock, Accrued Income, Provision for doubtful debts, Solution of Practical Questions 50 min
  • 07: Accounting Treatment – Goods sent on Approval basis, Cheque dishonoured and Cheque received, Omitted Purchases, Interest on Capital, Loss by Fire Partly Insured, Over-Casting of Stock, Works Manager’s commission, Outstanding Income, Cost Price and Sale price 45 min
  • 08: Golden Concept – Adjustments appearing outside the Trial balance, Calculation of Net Profit Before Commission or After Commission, Solution of Practical Questions 39 min
  • 09: Golden Concepts on Miscellaneous Adjustments appearing in the trial balance for Prepare Final Account, SL Examples, Solution of Practical Questions 37 min
  • 10: Golden concepts for define Direct Expenses and Indirect Expenses, Solution of Practical Questions 45 min
  • 11: Prepare Financial Statements, Golden Hints to solve Questions, SL Examples, Solution of Practical Questions 53 min
  • 12: Prepare Trading Account, Profit and Loss Account and Balance Sheet, SL Examples, Solution of Practical Questions 47 min
  • 13: Important Formula- Cost of Goods sold, Operating Profit, Operating Cost, Gross Profit, Net Profit, Golden Hint, Solution of Practical Questions 40 min
• Chapter 2: Financial Statements of Non-Profit Organisations 12 Lectures 7 hrs 57 min
  • 01: Meaning of NPO, Important Adjustments, Accounting Procedures – Receipts and Payments, Income and Expenditure, Balance Sheet Preview51 min
  • 02: Adjustments in NPO, Calculation of Missing Figures, Calculation of Expenses related to Current Year, Calculation of Income related to Current Year, Solution of Practical Questions 47 min
  • 03: Golden Hints to Prepare Subscription Account, Calculation of Consumable Items, Solution of Practical Questions Preview39 min
  • 04: Pro-forma of Receipts and Payments A/c, Pro-forma of Income and Expenditure Account, Balance sheet (pro-forma), Solution of Practical Questions 36 min
  • 05: Preparation of Receipts and Payments Account, Preparation of Income and Expenditure Account, Preparation of Balance Sheet, Solution of Practical Questions 40 min
  • 06: Preparation of Receipts and Payments Account, Preparation of Income and Expenditure Account, Preparation of Balance Sheet, SL Examples, Solution of Practical Questions 47 min
  • 07: Type of Questions in NPO, Case 1 – When in NPO questions given Receipts and Payments Account and Adjustments and required to Prepare Income and Expenditure Account and Balance Sheet (closing), Solution of Practical Questions 38 min
  • 08: Case 1 – When in NPO questions given Receipts and Payments Account and Adjustments and required to Prepare Income and Expenditure Account and Balance Sheet (closing), Solution of Practical Questions 37 min
  • 09: Case 2 – When in NPO questions given Receipts and Payments Account and Adjustments and required to Prepare Income and Expenditure Account and Balance Sheet (closing), Solution of Practical Questions 35 min
  • 10: Case 2 – When in NPO questions given Receipts and Payments Account and Adjustments and required to Prepare Income and Expenditure Account and Balance Sheet (closing), Solution of Practical Questions 32 min
  • 11: Case 3 – When in NPO questions given Income & expenditure A/c and Adjustments and required to Prepare Receipts & Payments A/c, Balance Sheet (Closing), Solution of Practical Questions 38 min
  • 12: Case 4 – Given in questions – Balance Sheet (Opening) and Balance Sheet (Closing) :- Required to prepare Receipts & Payments A/c and Income & Expenditure A/c, Solution of Practical Questions 37 min
• Chapter 3: Depreciation Accounting 8 Lectures 5 hrs 44 min
  • 01: Rate of Depreciation, Format of Machinery A/c, Format of Provision for Depreciation A/c, Methods of Charging Depreciation – SLM and DBM, Solution of Practical Questions 39 min
  • 02: Preparation of Assets A/c, Preparation of Assets Disposal A/c, Preparation of Provision for Depreciation A/c, Solution of Practical Questions 47 min
  • 03: Calculation of Additional Depreciation, Calculation of Profit or Loss on Sale of Machine, Calculation Of Depreciation When Methods of Providing Depreciation Change, SL Examples 51 min
  • 04: Straight Line Method, Diminishing Balance Method, Change of Method Retrospectively, Change of Method Prospectively, Solution of Practical Questions 36 min
  • 05: Fixed or Equal Instalment Method, Written Down Value Method or Reducing Balance Method, Dismantling Charges, Accumulated Depreciation, Solution of Practical Questions 47 min
  • 06: Calculation of Revaluation Reserve, Calculation of Book value of Machine, How to Calculate Depreciation if Method of Depreciation Change, Solution of Practical Questions 40 min
  • 07: Accounting Treatment - Assets A/c, Depreciation A/c, Provision of Depreciation A/c, Assets Disposal A/c, Prepare Machinery Disposal A/c, Solution of Practical Questions 45 min
  • 08: Accounting Treatment - Assets A/c, Depreciation A/c, Provision of Depreciation A/c, Assets Disposal A/c, Prepare Machinery Disposal A/c, Solution of Practical Questions 39 min
• Chapter 4: Inventories 4 Lectures 2 hrs 42 min
  • 01: Objectives of Inventory Valuation, Methods of Valuation of Inventories, Formula of Cost of Goods Sold, Calculation of Gross Profit, Solution of Practical Questions 35 min
  • 02: Periodic Inventory system, Perpetual Inventory System, First-in, first-out (FIFO), Last-in-first-out (LIFO), Weighted Average Cost Method, Solution of Practical Questions 40 min
  • 03: Steps follow in First-in-First-Out (FIFO) Method, Steps follow in Last-in-First-Out (LIFO), Calculation of value of closing stock, Solution of Practical Questions 38 min
  • 04: Calculating Cost of ending inventory, Calculation of cost of sales, Calculation of Cost of purchase, Solution of Practical Questions 49 min
• Chapter 5: Accounting for Hire Purchase 11 Lectures 8 hrs 4 min
  • 01: Hire Purchaser and Hire Vendor, Instalment Purchase System, Terms – Total Cash Price, Hire Purchase Price, Instalment, Down Payment, Solution of Practical Questions Preview41 min
  • 02: Table format for Calculation of Interest, Calculation of Interest when rate of Interest Missing, Compute Allocation of Instalment Money, Solution of Practical Questions 47 min
  • 03: Accounting Treatment in Hire Vendor’s Book, Accounting Treatment in Hire Purchaser's Book, Golden Journal Entries, Solution of Practical Questions 45 min
  • 04: Preparation - Hire Vendor Account, Assets Account, Hire Purchaser Account, Goods Repossessed Account, Interest Account, Solution of Practical Questions 37 min
  • 05: Calculate amount of interest, Calculate total cash price, Calculate Hire Purchase Price, Full Repossession, Partial Repossession, Solution of Practical Questions 49 min
  • 06: Loss on sale of goods repossessed, Calculation in Partial Repossession, Calculation in Full Repossession, Calculation of Repossession Amount, Solution of Practical Questions 38 min
  • 07: Calculation of value of machine retained, calculation of value of machine returned, Calculation of remaining assets, Solution of Practical Questions 48 min
  • 08: Stock and Debtors System, Hire Purchase Trading Account at cost Price, Hire Purchase Trading Account at Selling price, Solution of Practical Questions 52 min
  • 09: Calculation of Missing Figure, Stock in the Shop Account, Stock with Customers Account, Instalment Due Account, Solution of Practical Questions 44 min
  • 10: Accounting Treatment - Stock and Debtors System, Stock Reserve Account, Hire Purchase Adjustment Account, Solution of Practical Questions 38 min
  • 11: Hire Purchase Trading Account at selling Price, Hire purchase Debtors Account, Hire Purchase Stock Account, Solution of Practical Questions 45 min
• Chapter 6: Accounting for Lease 6 Lectures 4 hrs 20 min
  • 01: Purchasing and Leasing an Asset, Different Terms – Lessor, Discounted rate, Minimum Lease payment, Lease period, Guaranteed & Unguaranteed Residual value, SL Examples 49 min
  • 02: Fair value, Operating or Non-Pay Out Lease, Financial or Full Pay out Lease, Calculation of Present Value of minimum lease payment, Solution of Practical Questions 42 min
  • 03: Important Formula – Unearned Finance Income, Net Investment in Lease, Total Earning of lessor, Golden Hints, Solution of Practical Questions 41 min
  • 04: Calculation of Gross Investment in Lease, Accounting for Financial Lease (Books of Lessee), Interest Rate Implicit on Lease, Solution of Practical Questions 39 min
  • 05: Prepare Purchase Account, Prepare Lease Rent Account, Prepare Profit and Loss Account, Solution of Practical Questions 47 min
  • 06: Compute Annual Lease Rent, Calculate Depreciation, Accounting for Financial Lease, Accounting for Operating Lease, Solution of Practical Questions 42 min
• Chapter 7: Inland Branches (Branch Accounting) 11 Lectures 8 hrs 3 min
  • 01: Meaning of Branch Accounting, Methods of Accounting – Debtors system and Stock & Debtor system, Golden Journal Entries, Solution of Practical Questions 45 min
  • 02: Accounting Treatment in the Book of Head Office, Format of Branch A/c, Format of Branch Debtor A/c, Format of Branch Stock A/c, Golden Hint, Solution of Practical Questions 42 min
  • 03: Memorandum Branch Debtors Account, Goods Sent to Branch A/c, Branch Stock Account, Branch Adjustment Account, Golden Hints, Solution of Practical Questions 39 min
  • 04: Branch Profit and Loss Account, Branch Expenses Account, Branch Asset Account, Treatment of Surplus or Small Gains, Solution of Practical Questions 37 min
  • 05: Accounting Treatment of Stock-Debtors System, Prepare Branch Account at Cost Price, Calculation of Invoice Price, Calculation of Loading Amount, Solution of Practical Questions 45 min
  • 06: Prepare Branch Account at Invoice Price, Calculation of shortages, Journal Entries for Adjustment of Profit margin, Solution of Practical Questions 41 min
  • 07: 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, Solution of Practical Questions 47 min
  • 08: Format of Branch Stock A/c, Format of Branch Adjustment A/c, Format of Branch Profit and Loss Account, Solution of Practical Questions 44 min
  • 09: Accounting For Dependent Branches, Calculation of Debtors at the end, Calculate invoice price of goods, Solution of Practical Questions 50 min
  • 10: Prepare Branch Stock A/c, Prepare Branch Profit & Loss A/c, Prepare Branch Cash A/c, Prepare Branch Adjustment A/c, Solution of Practical Questions 51 min
  • 11: Questions solve by Debtors System, Questions solve by Stock and Debtors System, Solution of Practical Questions 42 min
• Chapter 8: Departmental Accounting 5 Lectures 3 hrs 31 min
  • 01: Difference Between Departmental Accounting and Branch Accounting, Allocation of Expenses, Format of Departmental Trading Account, Solution of Practical Questions Preview39 min
  • 02: Formula for Stock Reserves, Calculation of Rates of Gross Profit, Calculation of Cost Price, Calculation of Unrealised Profit, Solution of Practical Questions 42 min
  • 03: Calculation of Stock Reserves, Calculation of percentage of Gross Profit on turnover, Calculation of Department – wise units of opening stock, Solution of Practical Questions 47 min
  • 04: Prepare Departmental Trading and Profit & Loss Account, Statement showing Net profit of Each Department, Solution of Practical Questions 42 min
  • 05: Calculate the closing stock of the respective departments, Calculate Gross Profits for the two Departments separately, Solution of Practical Questions 41 min
• Chapter 9: Partnership Accounts: Fundamentals, Admission, Retirement and Death of a Partner 18 Lectures 13 hrs 14 min
  • 01: Calculation of Profit Sharing Ratio, Calculation of Interest on Drawings, Calculation of Interest on Capital, Solution of Practical Questions 39 min
  • 02: Calculation of Interest on Loan, Calculation of Manager’s salary after commission, Format of Partners Capital A/c, Solution of Practical Questions 44 min
  • 03: Prepare Capital A/c, Prepare Fixed Capital A/c, Fluctuating Capital A/c, Format of Profit and Loss Appropriation Account Solution of Practical Questions 41 min
  • 04: Prepare Profit and Loss Appropriation A/c, Calculation of Partners Salaries, Prepare Partners Loan Account, Solution of Practical Questions 47 min
  • 05: Calculation of Capital Ratio, Guarantee of Profit to a Partner, Solution of Practical Questions 35 min
  • 06: Calculation of Interest on partner’s loan, Prepare Statement showing Balances of Capital at the End, Solution of Practical Questions 39 min
  • 07: Journal Entries – Interest on Drawings, Interest on Capital, Partners salary, Prepare Partners Capital Accounts, Calculate Capital Ratio, Solution of Practical Questions 52 min
  • 08: Changes in Profit Sharing Ratio, Methods of Valuation Of Goodwill, Calculation of amount transferred to Current Account, Solution of Practical Questions 48 min
  • 09: Accounting Treatment of Goodwill, Revaluation of Assets And Liabilities, Adjustments Regarding Capital, Adjustments of Joint Life Policy, Solution of Practical Questions 47 min
  • 10: Calculation of changes in Profit Sharing Ratio, Revaluation of assets and Reassessment of Liabilities, Distribution of accumulated profits, Solution of Practical Questions 35 min
  • 11: Calculation of Value of goodwill, Calculation of Gaining or Benefit Ratio, Adjustments of Capital, Solution of Practical Questions 42 min
  • 12: Calculation of Profit on the date of Retirement/Death, Accounting Treatment for Undistributed Profits and Reserves, Solution of Practical Questions 46 min
  • 13: Prepare Statement showing required adjustment for Goodwill, Calculation of New Profit Sharing Ratio, Calculation of Sacrificing Ratio, Solution of Practical Questions 47 min
  • 14: Number of Year’s Purchase of Average Profit Method, Number of year’s purchase of past profits, Number of years purchase of super profits, Solution of Practical Questions 52 min
  • 15: Prepare Premium Account, Calculation of Average Profits, Calculation of Capital Employed, Calculation of Adjusted Profits, Solution of Practical Questions 40 min
  • 16: Calculation of Weighted Average Profits, Calculation of Hidden Goodwill, Calculation of share of goodwill, Solution of Practical Questions 53 min
  • 17: Accounting Treatment – Incoming partner brings goodwill in cash but it is withdrawn by old partners, Calculation of Value of Goodwill, Solution of Practical Questions 42 min
  • 18: Accounting Treatment – Revaluation of Assets and Liabilities, Prepare Revaluation Account, Prepare Memorandum Revaluation A/c, Solution of Practical Questions 45 min
• Chapter 10: Dissolution of Partnership Firm 12 Lectures 8 hrs 25 min
  • 01: Meaning of Dissolution, Accounting Procedures – Realisation Account, Partners’ Capital Accounts, Partners’ Loan Account, Cash or Bank Account, Solution of Practical Questions Preview38 min
  • 02: Accounting Treatment - Realisation Expenses, Unrecorded Assets and Liabilities, Goodwill Purchased by Partner, Loan from Partner’s Wife, Assets given to Creditor, Solution of Practical Questions 47 min
  • 03: Format of Realisation Account, Golden Hints, Prepare Partners Capital A/c, Prepare Cash A/c, Prepare Realisation A/c, Prepare Partner Loan A/c, Solution of Practical Questions 49 min
  • 04: Accounting Treatment - When One Partner Insolvency – Garner vs. Murray case, Golden Concepts, Solution of Practical Questions Preview37 min
  • 05: Journal Entries - Expenses on Dissolution, Closing Realisation A/c, Closing the A/c of various Assets and Liabilities, Calculation of Insolvency Loss, Solution of Practical Questions 38 min
  • 06: Accounting Treatment - When All Partners Insolvency, Prepare Deficiency Account, Prepare Partners Capital Account, Solution of Practical Questions 39 min
  • 07: Golden Concepts, Prepare Partners Capital A/c – When capital are fixed and When capital are fluctuating, Golden Journal Entries, Solution of Practical Questions 47 min
  • 08: Calculation of Adjusted Capital Ratio, Prepare Bank Overdraft Account, Prepare Creditors Account, Prepare Bank Account, Solution of Practical Questions 38 min
  • 09: Methods of Piecemeal Distribution, Proportionate or Surplus Capital Method, Maximum Possible Loss Method, Solution of Practical Questions 39 min
  • 10: Distribution in the Profit-sharing Ratio, Distribution in the Capital Ratio, Calculation of Surplus Capital, Solution of Practical Questions 42 min
  • 11: Prepare Statement showing Piecemeal Distribution, Prepare Statement showing Piecemeal distribution of cash, Solution of Practical Questions 49 min
  • 12: Prepare Statement showing the Distribution of Gradual Realisations, Calculate Maximum Possible Loss, Solution of Practical Questions 42 min
• Chapter 10: Dissolution of Partnership Firm 1 Lectures
  • 01: Preview0 min