ACCOUNTANCY FOR CLASS XI

29th May, 2020 HELLO BOYS!! THE FINALE TODAY!! LOTS OF ILLUSTRATIVE BUT SHORT VIDEOS, WILL HELP TO QUICKLY RECOLLECT THE MAIN POINTS OF THE IMPORTANT TOPIC. FINANCIAL STATEMENTS WITH ADJUSTMENTS CONTINUED: Bad-Debts and Related Adjustments: Let us understand these terms with the real life example. Suppose, a grocer has 15 kg of apples. Out of this, 2 kg apples are rotten and 3 kg are about to rot. This means, only 10 kg of tomatoes are in good condition. Now, let's go through the video below, to understand the concept of debtors and its different types using the above example of the grocer. LINK :  DEBTORS AND THEIR DIFFERENT TYPES    LINK :  TREATMENT OF BAD DEBTS Bad Debts Recovered LINK :  PROBLEM - 1: ON BAD DEBTS Provision for Bad and Doubtful Debts   LINK :  VARIOUS CASES RELATED TO PROVISION FOR BAD AND DOUBTFUL DEBTS   LINK :   TREATMENT OF ...

28th May, 2020 HELLO BOYS!! YET ANOTHER INTERACTIVE AND A QUICK GLANCE PICTORIAL CLASS. LOTS OF ILLUSTRATIVE BUT SHORT VIDEOS, WILL HELP TO QUICKLY RECOLLECT THE MAIN POINTS OF THE IMPORTANT TOPIC. Financial Statements with Adjustments LINK :  RECALL OF PREPARATION OF FINANCIAL STATEMENTS 1. Closing Stock WATCH THE VIDEO FOR THE TREATMENT OF CLOSING STOCK LINK : PART 1 : TREATMENT  OF CLOSING STOCK LINK : PART 2 :  TREATMENT OF CLOSING STOCK Conclusion    2. When  Outstanding Expenses are given Inside the Trial Balance    Conclusion WATCH THE VIDEO FOR THE TREATMENT OF OUTSTANDING EXPENSES GIVEN BELOW LINK :  TREATMENT OF OUTSTANDING EXPENSES 3.  Prepaid Expenses   Conclusion WATCH THE VIDEO BELOW FOR THE TREATMENT OF PREPAID EXPENSES LINK :  TREATMENT OF PREPAID EXPENSES LINK : ILLUSTRATIVE PROBL...

27th May, 2020 HELLO BOYS!! CONTINUING WITH THE SAME METHODOLOGY, WE WILL HAVE ILLUSTRATIVE AND INTERACTIVE CLASS WITH LOTS OF SHORT VIDEOS & IMAGES. THIS WILL HELP YOU  TO HAVE A GOOD GRAB OF THE SUBJECT TOPIC. Financial Statements of a Sole Proprietor- Meaning, Requirement, Purpose and Importance: The financial statements comprise mainly the following two statements- 1. Income Statements or Trading and Profit and Loss Account 2. Balance Sheet LINK :  CONCEPT OF FINANCIAL STATEMENTS Nature of Financial Statements Purpose or Importance and  Limitations of Financial Statements Users of Financial Statements LINK :  USERS OF FINANCIAL STATEMENTS The various users of financial statements are explained diagrammatically below- Capital and Revenue Items and need for their Classification WATCH THE VIDEO BELOW TO KNOW THE TYPES OF EXPENDITURE AND REVENUE LINK :  TYPES OF EXPENDITURE AND REVENUE ...