REMEDIAL CLASS :10 FINANCIAL STATEMENTS (WITH ADJUSTMENTS) CONTINUED PART 2( DAY 12)

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 PROVISION FOR DOUBTFUL DEBTS WHEN THE OLD PROVISION IS LESSER THAN THE NEW PROVISION

LINK : TREATMENT OF PROVISION FOR DOUBTFUL DEBTS WHEN OLD PROVISION IS GREATER THAN NEW PROVISION

Provision for Discount on Debtors

 

LINK : CONCEPT OF PROVISION FOR DISCOUNT ON DEBTORS

LINK : BAD DEBTS AND RELATED ADJUSTMENTS

Provision for Discount on Creditors

 

LINK : TREATMENT OF PROVISION FOR DISCOUNT ON CREDITORS

LINK : PROBLEM : ON PROVISION FOR DISCOUNT ON CREDITORS

Manager’s Commission

 

LINK : MANAGER'S COMMISSION

LINK :COMPUTATION OF MANAGER'S COMMISSION BEFORE AND AFTER NET PROFIT

Abnormal Losses

LINK : TREATMENT OF ABNORMAL LOSSES IN FIXED ASSETS AND GOODS

LINK : TREATMENT OF LOSS OF GOODS WITH OR WITHOUT INSURANCE 

Goods Withdrawn for Personal Use

LINK : TREATMENT OF DRAWINGS OF GOODS

Goods Distributed as Free Samples

LINK : TREATMENT OF GOODS DISTRIBUTED AS FREE SAMPLES

Goods Given as Charity/Donation

LINK :TREATMENT OF GOODS GIVEN AS CHARITY OR DONATIONS