Online Course on Final Accounts of Sole Proprietor

Introduction to Final Accounts of Sole Proprietors

Introduction to Final Accounts of Non Manufacturing Entities

Income Statement and Position Statement

Preparation of Final Accounts - fundamental aspects

Inter-relationship between two statements

Matching Principle

Exceptions to Matching Principle

Trading Account

Trading Account Items

Closing entries in Trading Account

Trading Account Case Study 1

Trading Account Closing Entries Case Study 2

Profit and Loss Account

Treatment of Specific items

Closing entries related to Profit and Loss account

Profit and Loss Account Case Study 2

Adjustments in Final Accounts

Provision for Doubtful Debts Case Study 4

Other Adjustments in Final Accounts

Abnormal Loss of Inventory by accident or fire

Goods Sent on Approval Basis

Goods used other than for Sale

Accounting Entry for Sales Tax

Commission based on Profit

Preparation of Final Accounts - Case Study 5

Arrangements of Assets and Liabilities

Classifications of Assets and Liabilities

Preparation of Balance Sheet - Case Study 6

Preparation of Revised P&L and Balance Sheet - Case Study 7

Determination of Outstanding Salaries and related adjustments

Opening Entry and Case Study

Provisions and Reserves

Provisions and Reserves Case Study 8

Final Accounts of Manufacturing Entities - Introduction

Manufacturing Cost

Direct Manufacturing Expenses

Indirect Manufacturing Expenses

By Products

Structure of Manufacturing Account

Manufacturing Account Case Study 8

Manufacturing Account Case Study 9