CPT Chapter Final Accounts

CA CPT chapter on “Final Accounts” explains how to prepare a Manufacturing Account Trading Account, Profit and Loss Account and Balance Sheet of a sole proprietor. It also explains the several adjustment and closing entries like the provision for doubtful debts, outstanding expenses etc required to be made at the end of the accounting year.

CA CPT Exam

With Sheela Warrier.Duration:5hrs 02min

Final Accounts	Duration (min:sec)
Introduction & Trading A/c
Introduction	03:00
Why do we have Final A/c	06:48
Trading A/c through Equation	11:45
Formats of Trading A/c	04:07
Closing Entry	05:24
Example Trading Account	06:56
Closing Stock	06:53
Abnormal Loss	05:14
Calculation after and before %	08:40
GP Margin	16:16
Profit & Loss Account
Introduction	03:36
Formats of P&L A/c and Closing Entry	03:41
Trading and P&L A/c	08:56
Examples	03:02
Quiz	12:21
Year end Adjustments	01:34
Income tax	01:26
Outstanding Expense	08:27
Prepaid Expense	06:47
Accrued Income	05:51
Income received in Advance	07:06
Manager Commission	09:30
Bad Debt	05:45
Prov for Bad Debt	12:39
Prov for Discount on Debtors	08:04
Year end Adjustments Summary	04:42
Balance Sheet
Introduction	02:20
Formats	02:13
Example	04:25
BS from Trial Balance	04:23
Profit computation from BS	05:03
Quiz	11:50
Manufacturing Accounts
Introduction	05:26
Format	03:43
Example	10:17
Manufacturing, Trading and P& L	10:46
Limitation of FS	06:31
Final Quiz	21:09
Run down of TB	12:09
Additional Questions	15:53
Conclusion	07:04
Total	5:01:42

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CPT Chapter Final Accounts

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