CA foundation accounts Final account
The free CA Foundation accounts video on Final account cover following topics:
Final Accounts of Non Manufacturing Entities
Introduction & Trading A/c
Introduction
Why do we have Final A/c
Trading A/c through Equation
Formats of Trading A/c
Closing Entry
Example Trading Account
Closing Stock
Abnormal Loss
Calculation after and before %
GP Margin
Profit & Loss Account
Introduction
Formats of P&L A/c and Closing Entry
Trading and P&L A/c
Examples
Quiz
Year-end Adjustments
Income tax
Outstanding Expense
Prepaid Expense
Accrued Income
Income received in Advance
Manager Commission
Bad Debt
Provision for Bad Debt
Provision for Discount on Debtors
Year-end Adjustments Summary
Balance Sheet
Introduction
Formats
Example
BS from Trial Balance
Profit computation from BS
Quiz
Manufacturing Accounts
Introduction
Format
Example
Manufacturing, Trading and P& L
Limitation of FS
Final Quiz
Run down of TB
Additional Questions
Conclusion