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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-CMADuration (min:sec)
Introduction & Trading A/c 
Introduction02:29
Why do we have Final A/c07:04
Trading A/c through Equation11:45
Formats of Trading A/c04:07
Closing Entry05:24
Example Trading Account06:56
Closing Stock06:53
Abnormal Loss05:14
Calculation after and before %08:40
GP Margin16:16
Profit & Loss Account 
Introduction03:36
Formats of P&L A/c and Closing Entry03:41
Trading and P&L A/c08:56
Examples03:02
Quiz12:21
Year end Adjustments07:06
Income tax01:26
Outstanding Expense08:27
Prepaid Expense06:47
Accrued Income05:51
Income received in Advance07:06
Manager Commission09:30
Bad Debt07:04
Example-Bad Debt04:28
Prov for Bad Debt06:01
Bad Debt & PDB Method of Adjustment08:27
Example-Bad Debt & PDB Method of Adjustment10:14
Problem on PDB10:23
What is Prov for Discount on Debtors05:52
Adjustment for PDD02:09
Examples of PDD04:58
Provision for Discount on Creditors(PDC)03:41
Example -PDC06:22
Year end Adjustments Summary06:23
Profit & Loss Appropriation A/c 
P&L Appropriation Account07:24
Examples08:14
Fixed & Fluctuating Capital05:30
Interest on Capital07:41
Interest on Drawings08:45
Fixed amount withdrawn every month07:45
Example02:03
Guaranteed Min Profit04:06
Example03:54
Quiz26:28
Balance Sheet 
Introduction02:20
Formats02:13
Example04:25
BS from Trial Balance04:23
Profit computation from BS05:03
Quiz11:50
Limitation of FS06:31
Final Quiz21:09
Run down of TB12:09
Conclusion07:04
Total6:27:36

Notes