CMA Chapter Final Accounts

CMA chapter on “Final Accounts” explains how to prepare a Trading Account, Profit and Loss Account, Profit & Loss Appropriation 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:6hrs 28min

Final Accounts-CMA	Duration (min:sec)
Introduction & Trading A/c
Introduction	02:29
Why do we have Final A/c	07:04
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	07:06
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	07:04
Example-Bad Debt	04:28
Prov for Bad Debt	06:01
Bad Debt & PDB Method of Adjustment	08:27
Example-Bad Debt & PDB Method of Adjustment	10:14
Problem on PDB	10:23
What is Prov for Discount on Debtors	05:52
Adjustment for PDD	02:09
Examples of PDD	04:58
Provision for Discount on Creditors(PDC)	03:41
Example -PDC	06:22
Year end Adjustments Summary	06:23
Profit & Loss Appropriation A/c
P&L Appropriation Account	07:24
Examples	08:14
Fixed & Fluctuating Capital	05:30
Interest on Capital	07:41
Interest on Drawings	08:45
Fixed amount withdrawn every month	07:45
Example	02:03
Guaranteed Min Profit	04:06
Example	03:54
Quiz	26:28
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
Limitation of FS	06:31
Final Quiz	21:09
Run down of TB	12:09
Conclusion	07:04
Total	6:27:36

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CMA Chapter Final Accounts

Notes