- 7/2/2025
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CreativityTranscript
00:00:00Self-Balancing Ledger
00:00:15What do you say about self-balancing ledger?
00:00:20It's not a big chapter
00:00:24You can work out casually
00:00:28There will not be any complication here at all
00:00:34Format Briefing could do that and you can solve it
00:00:38Okay
00:00:49Let's see
00:00:52General Ledger book
00:00:57General Ledger book
00:01:05I assume this being the General Ledger book
00:01:09Male accountant will maintain this one
00:01:13General Ledger book
00:01:17General Ledger account
00:01:23All assets account, liabilities account, expenses account ledger book
00:01:27Here
00:01:29Debtas ledger account
00:01:33Debtas ledger account
00:01:35Debtas ledger account
00:01:45And creditors ledger account
00:01:47And creditors ledger account
00:01:49And creditors ledger account
00:01:51If you are aware
00:01:53If you are aware about the debtors and creditors ledger account
00:01:55Then the topic is over
00:01:57Complication
00:01:59We don't have any more complications here
00:02:01Right
00:02:03Debtas
00:02:11Debtas on the asset
00:02:13Decreases on the asset
00:02:15Debtas on the asset
00:02:17Debtas on the asset
00:02:19Opening balance
00:02:21Debit sale
00:02:23Is not it
00:02:25Closing balance
00:02:29Is that okay
00:02:31Debtas increase
00:02:33Debtas increase
00:02:35Debtas increase
00:02:37Debtas increase
00:02:39Debtas balance
00:02:41Debtas balance will increase
00:02:43Debtas
00:02:57We are a set of
00:02:58Okay, we will reduce.
00:03:02We will offer discount on debtors.
00:03:08That will reduce.
00:03:10Bad debt.
00:03:14Reduce.
00:03:16Sales return.
00:03:18Also a reason for the reduction.
00:03:22Also a reason for the reduction.
00:03:26Pair.
00:03:28Where any reason for the increase,
00:03:32BR designer?
00:03:34What is it?
00:03:36BR is not selling.
00:03:38Reverse.
00:03:40Check designer.
00:03:42Reverse.
00:03:44Check designer.
00:03:46Is that okay?
00:03:50We start with the opening balance
00:03:52and close with the closing balance.
00:03:54What are the reasons for the price?
00:03:56You should go to the closing balance.
00:03:58The credit card structure is a big deal.
00:04:00It is a purchase.
00:04:02We start with the opening balance here.
00:04:06What is the opening balance?
00:04:08The inventory.
00:04:10Yes, yes.
00:04:12You should see that.
00:04:14The credit card is a B in B.
00:04:16The investment.
00:04:18Okay.
00:04:19You should see it.
00:04:21We start with the initial balance.
00:04:22The signal will be the same as B in B.
00:04:24The number is B in B.
00:04:26At B in B.
00:04:27he went off
00:04:29VP
00:04:31right
00:04:33this one came off
00:04:35this one put another body
00:04:37and
00:04:39purchased it
00:04:41yeah we had
00:04:43purchased the battery
00:04:45maximum order
00:04:47purchased it
00:04:49yeah
00:04:51this vehicle
00:04:53and instead
00:04:55and instead of a debt
00:04:57is that okay
00:04:59debt
00:05:01is that okay
00:05:05one of all of debt
00:05:07they are our creditors
00:05:09I
00:05:11sell the goods to
00:05:13X for Rs.100
00:05:15and I purchase from
00:05:17X Rs.80
00:05:19if we have to pay them
00:05:21we have to neutralize
00:05:23$.80
00:05:25cancel
00:05:27or
00:05:29$.80
00:05:31$.80
00:05:33$.80
00:05:35$.80
00:05:37$.80
00:05:39$.000
00:05:53$.80
00:05:55Is that okay?
00:05:57Clear
00:05:58If you have an opening balance in the credit side, you may note that sometimes you may have the balance in the credit side also.
00:06:13If you have a credit card, you will see the credit card in the credit side.
00:06:28If you have credit card, you will see the credit card in the credit side.
00:06:33If you have credit card, you will see the credit card in the credit card, you will see the credit card in the credit card.
00:06:52Okay, one of the deposit. So, Pepsi Company gets a deposit. Deposit upon the credit card, goods are sold at credit.
00:07:03One of the credit cards, Pepsi is selling. Deposit is one of the credit card.
00:07:10If you have a transaction, the credit card is paid for. Goods are sold at $100,000.
00:07:17It is sold. If you have a credit card at that, your credit card is sold on the credit card, you will see the credit card.
00:07:24Advance the credit card is an transaction in the credit card.
00:07:27Advance it is the value. It is the reverse side.
00:07:32If you have a credit card, you can have aicular balance and a credit card.
00:07:36If you have a credit card. Is that okay?
00:07:39Governor, people, debtors on how many debtors are you? How many debtors we have? That's how doubt it is, how many debtors are you?
00:07:59Now, people who have sales team and who are debtors are they? If you have to sell, you know this is a debtor. What are you going to have to pay?
00:08:27If it is a larger company, one aspect is going to be segregated from the general ledger book.
00:08:32General ledger book in the general ledger book,
00:08:36that is called data's ledger book. Is that clear?
00:08:49Data's ledger book. Either data's ledger book and say, sold or sales ledger book and say,
00:09:03one of the customers, one of the customers, one of the customers, one of the customers.
00:09:12A, one of the customers, B, C, one of the customers.
00:09:16How many customers are doing this? This is one of the content.
00:09:21If you look at sales, collection, and buy a sales,
00:09:28in the account, in the book, maintenance. Main cashier,
00:09:34collective of A, most amount, B, C, D, N number of debtors,
00:09:39you can find the most amount in debtors ledger account.
00:09:43We are not going to prepare that in your real exams.
00:09:48Real exam is prepared.
00:09:50Example, this is a debtors ledger account.
00:09:55It requires debtors ledger account in the books of general ledger book.
00:09:59Debtors ledger account in the general ledger book.
00:10:06Suppose, if you are A and the debtors ledger account,
00:10:11you can find the balance of the debit balance, B, C debit balance, C debit balance, C debit balance, C debit balance.
00:10:19Is it okay?
00:10:20This is a trial ledger account,
00:10:22main cashier and accounts are all the same accounts,
00:10:25what do you do?
00:10:27So, you can prepare trial balance. But in the debt-toothed ledger book, one of the customer's details of meeting the trial balance goes on, the forum is a debit balance.
00:10:42Tally, A debit, B debit, C debit. This is an arithmetic error. It is a rectify. It is a rectify. It is a rectify. This book, debt-toothed ledger, balance.
00:11:04That is self-balancing. That is, if you maintain a debt-toothed debtor, you will be able to maintain debit balance.
00:11:14If you have a trial balance, there is a debit balance. If you have a debt-toothed, you will be able to make the debt-toothed.
00:11:19If you have a debt-toothed debtor, you will be able to prepare the debt-toothed.
00:11:33If you have a debt-toothed ledger, you will be able to make the debt-toothed.
00:11:36General ledger account or adjustment account. This is nothing but inverse of this one.
00:11:46This is inverse. This is inverse. This is inverse.
00:11:49This is debit-toothed. This is credit-toothed. This is opening balance. And sales, bills receivable dishonor, check dishonor. Is that okay? And opening balance. Bank, BR, whatever the form of remittances may be discounted.
00:12:18Discounted. Allowed. Bad debt. Sales return. And creditors, debtors settlement, closing balance. Closing balance will come in both sides. Is that okay?
00:12:33So, what is it? So, what is it? Debtors ledger, closing balance, closing balance, closing balance will come in both sides, and closing balance will come.
00:12:43main.
00:12:44In the inverse in the balance, what is the sale?
00:12:48Credit.
00:12:49The sale is equal to debit and the balance is the same as the sale is the same as the sale.
00:12:56So, we started with the opening balance here and ended with this and the balance started
00:13:02and the balance brought down in the sale and the balance carried down in the credit
00:13:07sale.
00:13:08So, credit value is the same as the debit balances is the same as the sale.
00:13:14Collectively, there is a credit balance.
00:13:17Credit balance, debit balance is the same as the balance brought down in the side of the
00:13:22sale.
00:13:23So, the summary is the same as the trial balance is the same as the sale is the same as the
00:13:28value.
00:13:29Is there any error?
00:13:30He is not depending upon the main content for solving his problem and rectify his own errors.
00:13:40That is the self balances.
00:13:43This block is balancing itself.
00:13:46So, self balancing is the same as the debtors ledger book or sold ledger book related to the
00:13:54debtors of our company.
00:13:57Individual debtors account open to the collective which is the general ledger adjustment account.
00:14:02So, you have to prepare general ledger adjustment account in the books of debtors ledger book which
00:14:07is nothing but inverse of debtors ledger.
00:14:10Debtors ledger is inverse.
00:14:13So, you may be asked to prepare this one or this one or this one or this one or this one or
00:14:25this one or.
00:14:26This is the same as the opposite one, we prepare you to do that.
00:14:29Credit as ledger book.
00:14:32Credit as ledger book.
00:14:34I'll let it tell you a little which these are the seeming.
00:14:48Did you know him?
00:14:51Bought are purchased or…
00:14:55之-mj zwr as ledger book
00:14:57The allwise product..
00:15:00Glacier book has the also ap Symptomat.
00:15:02So, he has to prepare what? General Ledger Adjustment Account. Qualipika
00:15:14General Ledger Adjustment Account. In the Books of Credit Ause Ledger Book Up
00:15:19In the Books of Credit Ause Ledger
00:15:40So, this is the general ledger adjustment of course, in the books of creditors ledger
00:15:45of bookings channel, this is inverse.
00:15:47Inverse.
00:15:48This is the debit level credit level, two, opening balance, bank and BP, and discount received,
00:16:05purchase return, and in debtors, mutual settlement, creditors, then we have the closing balance.
00:16:14In creditors, debitors, opening balance, and purchases, after reversal, bills payable, or cheque dishonor, and then finally closing balance.
00:16:31So, most probably, if your examculate, what you get from here, this, this, this, this.
00:16:374 education, durante this time, we speak from the час.
00:16:40Divine details? To twist!
00:16:43If you touch a seminar, you tackle your detail from the details and you joke back to the seminar.
00:16:49That's all about the topic.
00:16:51I have left a space here.
00:16:57Isn't it?
00:16:59That's what I need to fill out.
00:17:01That's a very important part of the decode.
00:17:07Here, actually in the information, where can I go?
00:17:14This will come credit side in General Ledger Adjustment Account, right?
00:17:18That's why I use General Ledger Adjustment Account in Delta's Ledger Book.
00:17:29General Ledger Adjustment Account in Delta's Ledger Book.
00:17:40Clear, where can I go?
00:17:42On the cross-reference, this is actually bracket.
00:17:44Is that okay?
00:17:47Okay.
00:17:48Then, here, what do you say?
00:17:51Here, what do you say?
00:17:53Debtas Ledger Account in General Ledger Book.
00:18:00Debtas Ledger Account in General Ledger Book.
00:18:07Is that okay?
00:18:08Hoops, you could understand.
00:18:10Then, here, what do you say?
00:18:11Then, here, what do you say?
00:18:12What do you say?
00:18:14General Ledger Adjustment Account in General Ledger Book.
00:18:16Creditas Ledger Account in General Ledger Book.
00:18:18Creditas Ledger Account in General Ledger Book.
00:18:22Now, what do you say?
00:18:23What do you say?
00:18:24What do you say?
00:18:25Creditas Ledger Account in General Ledger Book.
00:18:28Creditas Ledger Account in General Ledger Book.
00:18:34Creditas Ledger Book.
00:18:36Creditas Ledger Book.
00:18:37Creditas Ledger Account in General Ledger Book.
00:18:41Creditas Ledger Book.
00:18:43What do you say?
00:18:47What do you say?
00:18:48What do you say?
00:18:50How do you say?
00:18:51How do you say?
00:18:54What do you say?
00:18:56Debtas Ledger Account Debit, Debit to General Ledger Adjustment Account, is that okay?
00:19:19Okay, that's okay, bracket information, then debit side will be there, title Debtas Ledger Account Debit to General Ledger Adjustment Account, is that okay?
00:19:44I use a simple dollar, for example, bank, bank, receipt from Debtas,
00:19:51patent, I use a simple dollar, for example, bank, bank, receipt from Debtas,
00:20:03Debtas, Pana Varudhu, we have Debtas, that's okay, what do we have to do?
00:20:07Yes, this is all common data, GLA, General Ledger Adjustment Account, in Debtas Ledger Book Account Debit to Debtas Ledger Adjustment Account in General Ledger Book, is that okay?
00:20:35Okay, so, if you have to write the name, you can write the title, it's the opposite book, it's equivalent to any book, it's the same name, it's the same name, it's the same name, it's the same name, is that clear?
00:20:46Come on, finish off, finish off copying this journal, now, self-balancing ledger, self-balance related to Debtas Ledger Adjustment Account in General Ledger Adjustment Account, General Ledger Book, Debtas Ledger Adjustment Account in General Ledger Book.
00:21:43Debtas Ledger Adjustment Account, Account, Debtas Ledger Account, Direct Debtas, Creditas, Direct Creditas, General Ledger Account, General Ledger Account in General Ledger Account, that's indirect method.
00:21:55The now read the brief the the the of伊美國 partners then brief the mutual observing.
00:22:00Mutual ovings, debtors and creditors and creditors are going to be covered.
00:22:15Now debtors ledger adjustment account in general adjustment account, general adjustment, general
00:22:21debtors ledger book to be prepared and vice versa, the other way, let me explain this one.
00:22:47But hey come on prepare along with me, debtors ledger adjustment account, debtors ledger
00:23:07adjustment account, in general ledger book, it is direct, you know account, debtors
00:23:20and creditors account, creditors and creditors account, that is the general account
00:23:23so that we can see the general account account, and the book based on the account, we can
00:23:30see the general ledger adjustment account in debtors ledger book, debtors ledger book, it is
00:23:50the inverse, it is the inverse, is that ok?
00:23:57Right.
00:23:59Now, the following details are obtained from the books of Dafali enterprise relating to the
00:24:08debtors.
00:24:09the total debtors, the total debtors at the beginning for the year 42,500.
00:24:16this is mentioned.
00:24:17so it will look like, where the them are.
00:24:18it will look like, here are the agains.
00:24:19the general ledger adjustment account in debtors ledger book to be called by the agains.
00:24:23debtors ledger book, that means that we are going to show you,
00:24:27this is why general ledger adjustment account in debtors ledger book,
00:24:35one by one, general ledger adjustment will be by debtors ledger adjustment account in general ledger book,
00:24:51Here we go to debtors ledger adjustment account in general ledger book, is that okay?
00:25:04Now one after one, total debtors at the beginning 42.500, 42.500, opening balance,
00:25:16so we can take a lot of debtors, we can take a lot of debtors,
00:25:21So this is the transaction during the year.
00:25:23A or G, or DATS,
00:25:26A or DATS,
00:25:27A or DATS,
00:25:30you can take a lot of debtors,
00:25:31or even the DATS ledger books.
00:25:35If we don't have the same exact amount of debtors,
00:25:38you can take a lot of debtors in general,
00:25:41That's why we can collect it.
00:25:45A, B, C, D, E, F, G are the most sales sales.
00:25:50Come on, get me the value.
00:25:532,85,000.
00:25:56Goods return, total.
00:26:023,000,000.
00:26:054,000,000.
00:26:0721,500.
00:26:09Cash received.
00:26:13All the cash is received.
00:26:152,85,000.
00:26:17Cash received.
00:26:191,75, 74.
00:26:21I am right.
00:26:23Come on, verify this.
00:26:25Delectate total, 5,800.
00:26:29Bad debt, 4,500.
00:26:33Bills exchange received.
00:26:35BR received, 23,000.
00:26:3723,000.
00:26:39Thani-thaniyaa irukkardhu, nama koda pooduthi illa.
00:26:43Goods sold, inga bauroong?
00:26:45Goods sold.
00:26:47Sales.
00:26:492,85,000.
00:26:51Goods returned.
00:26:53Sales returned.
00:26:55Now.
00:26:56Value being 21,500.
00:26:57Cash received.
00:26:58Debtas with a balance.
00:26:59Quarachiro.
00:27:001,074,000.
00:27:01Discount allowed.
00:27:02Debtas balance.
00:27:03Quarachiro.
00:27:041,074,000.
00:27:05Discount allowed.
00:27:06Debtas balance.
00:27:07Quarachiro.
00:27:08Discount allowed.
00:27:09Value being 15,800.
00:27:10Bad debt.
00:27:11Also reduces.
00:27:12You have to write that value here.
00:27:134500.
00:27:14BR received.
00:27:15BR received.
00:27:1623,000.
00:27:17One bill for Rs. 3000 out of the bill received from C.
00:27:24C get to Viwagana bill illa.
00:27:251 bill for End어스 P during the year.
00:27:36End어스 P during the year.
00:27:38End어스 P during the year.
00:27:40End어스 P during the year.
00:27:42End어스 P in the year.
00:27:44The bill should be $4000, $4000.
00:27:48In this case, the bill should be $4000.
00:27:53The bill should be $4000.
00:27:55If the bill is a settlement, the bill should be $4000.
00:28:00The bill should be $4000.
00:28:07Noting Charges, that is one, MRS shape, noting charges, shape paper, so 4,200 will be taken.
00:28:14Noting Charges are prepared debt as ledger registration.
00:28:17Endars punduratho, discount punduratho, this is where.
00:28:20Villu vangettingen, that is the bills receivable bank.
00:28:23Endars pundurath bills receivable credit charges.
00:28:26It will not have any impact in our book.
00:28:29If I tally this, I will be getting what?
00:28:34Closing balance.
00:28:363,031,700, 3,031,700.
00:28:46Here the balance carried on being 92,900.
00:28:51Is that okay?
00:28:54Clear?
00:28:55I will just copy this, opening balance 42,500.
00:29:05Sales, 2,85,000.
00:29:10BR designer, 4,200.
00:29:15In a credit sale or debit sale.
00:29:17So, sales return, 21,500.
00:29:22Cash, 1,034,000.
00:29:27Discount allowed, 15,800.
00:29:33Bad debt, 4,500.
00:29:38BR, 23,000.
00:29:43Balance carried on.
00:29:45Balance carried on.
00:29:4692,900.
00:29:48That's all.
00:29:49Closed.
00:29:50Just gross.
00:29:51Sir, you can do it.
00:29:52Sir, you can do it.
00:29:53We can do it.
00:29:54You can do it.
00:29:55You can do it.
00:29:56As long as you go, general adjustment account account.
00:29:58It is a account.
00:29:59You can do it.
00:30:00It is a account.
00:30:01It is a account.
00:30:02goods sold 25,000 to sales 25,000 goods returned sales return 3,000 rupees cash and check received
00:30:20from him cash and check 15,000 rupees discount allowed discount allowed 2,000 rupees opening
00:30:30balance will be revealed
00:30:41as the identity of the loan
00:30:49General Ledger Adjustment Account to order your balance count on your trial balance.
00:30:54In the A Accounts, we have debit.
00:30:57We have credit.
00:30:59If you have trial balance, automatically, credit balance being 92,900.
00:31:04If you have debit balance A, B, C, D and all of these total total, trial balance is prepared.
00:31:09If you have trial balance prepared, it is self-balancing.
00:31:14First, in the account, it is the sectional balancing.
00:31:19It is the sectional balancing, it is the sectional balancing.
00:31:23It is the sectional balancing.
00:31:26Maximum Example, this is the same.
00:31:29If you have two examples, individual creditors, individual creditors, and individual creditors,
00:31:34you will group it.
00:31:38Is that clear?
00:31:39Come on, finish off copying these two.
00:31:42General Ledger Book.
00:31:45General Ledger Book.
00:31:49General Ledger Book.
00:31:51That is the sectional balancing.
00:31:54Creditors Ledger Account.
00:31:58It is direct.
00:32:00It is not direct.
00:32:02It is the third one.
00:32:04For four marks.
00:32:07The other book you have to be there.
00:32:09It is required to prepare.
00:32:11as you appear in the general ledger.
00:32:13It is the third one.
00:32:15The other way you have to be there.
00:32:17It is the third one.
00:32:19that is what I will tell you.
00:32:20It is not necessary to stop the money.
00:32:21It is not necessary to stop the money.
00:32:22It is not necessary to stop the money.
00:32:23You can start the money.
00:32:24Mr. Anubo Goyal keeps his ledger and self balancing system.
00:32:29This is what we will do.
00:32:34General Ledger Adjustment Account in Creditas Ledger Book.
00:32:40To General Ledger Adjustment Account in Creditas Ledger Book.
00:32:48book. The following particulars are extracted. Purchased from ARCA 7500. We have some extra
00:33:09adjustments here. Let's see. Purchased from ARCA 7500. Working note on the photograph. ARCA
00:33:277500. Okay. Debit sale. Credit sale. Opening balance. Clear. That's why we have to get it.
00:33:46We have to get it. We have to get it. We have to get it. We have to get it. We have to get it.
00:34:01So, ARCA. ARCA case. Purchased 7500.
00:34:157500. Is that okay? Note pennei chikrampa and the format le veronu pundle nana. Purchases.
00:34:29Paid 3000 after adjusting the initial advance in full to Mr. Akash. Payment pannye irikkeraangu.
00:34:38Payment development pannye irikkeraangu. 3000.
00:34:43Er mont common. I would mention that like it is of
00:34:55this conference. Is that clear? Which is an important answer you have to give it. If you have it.
00:35:014500. Is that clear?
00:35:05The initial value is 4500.
00:35:13Paid Rs.2500 to Dave towards the purchases made in February in full.
00:35:21Dave's payment is 2500.
00:35:25In February, in March, in February,
00:35:33in February, we have the payment,
00:35:37there is a opening balance.
00:35:41The opening balance.
00:35:45The opening balance.
00:35:49This is how you have to guess what is there.
00:35:53The opening balance of credit card.
00:35:57Paid advance to Mr. Greether, Rs.6000.
00:36:01Greether, advance to Mr. Greether, Rs.6000.
00:36:09Greether, advance to Mr. Greether, Rs.6000.
00:36:11We have the opening balance of credit card.
00:36:15Paid advance to Mr. Greether, Rs.6000.
00:36:21Greether, we have advance.
00:36:23It is opening advance.
00:36:27It is closing advance.
00:36:31Closing advance.
00:36:33So, I have paid 6,000 being the advance here.
00:36:39Advance.
00:36:41Closing advance.
00:36:43That becomes closing advance.
00:36:47That becomes closing advance.
00:36:49Okay.
00:36:51This becomes closing advance.
00:36:53Purchased goods from Mr. Aukas, 6200.
00:36:57Purchased goods from Mr. Aukas, Rs.6200.
00:37:01Thirumpo, Aukas, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000.
00:37:17Purchased, return, do so.
00:37:19Be a person.
00:37:21Buy a名inat Thank you so much.
00:37:23We have added that this is signing fund.
00:37:25Yes.
00:37:26HaveLاء, Buns, Rs.5,000, Rs.5,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000.
00:37:27Teru or else, Rs.1,000, Rs.1,000, Rs.10,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000, Rs.1,000 немんです.
00:37:31Academic.
00:37:39That's 5% discount.
00:37:41Discount.
00:37:43And the discount.
00:37:45Balance amount.
00:37:474009.
00:37:5140 paid-off.
00:37:53Payment.
00:37:55600.
00:37:57200.
00:37:59Discount.
00:38:01Payment.
00:38:03Goods are purchased from Grither.
00:38:05Against the advance paid already.
00:38:07That's 6,000.
00:38:09We don't have any closing advance yet.
00:38:11Why is it settlement?
00:38:13Is that okay?
00:38:15It's not the case.
00:38:17Purchased from Mr. Nathan.
00:38:19Purchased from Mr. Nathan.
00:38:21Purchased from Mr. Nathan.
00:38:23Purchased from Mr. Nathan.
00:38:25Purchased from Mr. Nathan.
00:38:273500.
00:38:29And payment.
00:38:31Closing balance.
00:38:33Closing balance.
00:38:35This becomes closing balance.
00:38:37And the 3500.
00:38:39Closing balance.
00:38:41Is that okay?
00:38:43Goods are returned to Mr. Prane.
00:38:451200.
00:38:47The goods were originally purchased for cash in the month of February 2015.
00:38:51Purchases to cash.
00:38:53Return to purchase return.
00:38:55It's a cash transaction.
00:38:57It will be recorded only in the cash book.
00:38:59Not in this.
00:39:01So, it will not be recorded here.
00:39:03No entry with respect to this one.
00:39:05No entry with respect to this one.
00:39:07You are required to prepare the criteria.
00:39:09Same time.
00:39:11We will start with.
00:39:13Now.
00:39:15Purchases total.
00:39:1723.
00:39:1823.
00:39:19200.
00:39:2023.
00:39:21200.
00:39:2223.
00:39:23200.
00:39:2423.
00:39:25200 is the purchases.
00:39:26Payment of the total.
00:39:2816.440.
00:39:30Opening advance.
00:39:314500.
00:39:32Opening credit balance.
00:39:342500.
00:39:35Purchases.
00:39:36Purchases.
00:39:37Purchases.
00:39:38Purchases.
00:39:39Purchases.
00:39:40Value being.
00:39:4123.
00:39:42200.
00:39:43And payment.
00:39:44Credit to bank or cash.
00:39:45Or BR.
00:39:4616.440.
00:39:47Opening advance.
00:39:48Is that okay?
00:39:49Is that okay?
00:39:50Okay.
00:39:51it is not.
00:39:52It is not.
00:39:5320.
00:39:54Maybe.
00:39:552 credit to us the name.
00:39:56So, in the purchases.
00:39:57Value being.
00:39:5823000.
00:39:59200.
00:40:00And payment.
00:40:01Unnumber the.
00:40:02Credit to.
00:40:03Bank.
00:40:04Or cash.
00:40:05Or BR.
00:40:0616.440.
00:40:07Opening advance.
00:40:11Circuits.
00:40:12Is that okay?
00:40:15So, opening balance, opening balance, either liability, either advance, it is indeed, opening
00:40:43advance 4500 is an asset debit balance, opening balance, single 2500 rupees, the original
00:40:52liability will appear in the credit sign.
00:40:56Purchase return, in debit sign it should be posted, purchase return 1000, discount received,
00:41:10260, closing balance, opening balance here and closing balance should be here, library
00:41:20seller, the value being 3500, I think so I have posted everything, if I tally it will be
00:41:26getting tallyed, 25700, it is closed now.
00:41:29It is creditors ledger book, that was general ledger according to creditors ledger book
00:41:38in creditors ledger book.
00:41:39In creditors ledger book.
00:41:40In creditors ledger book.
00:41:41In creditors ledger book.
00:41:42In creditors ledger book.
00:41:47General ledger adjustment account are here in the case of general ledger adjustment account
00:41:48in creditors ledger book.
00:41:49In creditors ledger book and in creditors ledger book general ledger adjustment account are here
00:41:54other way, other way, creditors ledger book, in creditors ledger book
00:42:04in particular, general ledger adjustment account are here in all, ith eppi irukkoum, ok, ith eppi irukkoum, is that ok, so ith eppi irukkoum,
00:42:33ith iindu sale onthirao, enakku vayal allah eindu iindu sale onthirao, title mattu maathrana maathrana maathrifi k occu, is that ok,
00:42:50Is that okay?
00:42:51This is the General Ledger Adjustment Account, Creditor's Ledger Account in General Ledger
00:43:03Book, Creditor's Ledger Account in General Ledger Book.
00:43:14Is that okay?
00:43:21We will now move on to the next one.
00:43:25Shiva debt task ledger includes 18,000 due from Mayank and Co. whereas, Creditor's Ledger
00:43:34include 13,000 due to Mayank and Co., due to the transfer entry to set off the suitable
00:43:40amount in the books of Shiva.
00:43:44That is okay.
00:43:47Shiva debt task ledger.
00:43:53Shiva would have debt task ledger.
00:43:59Shiva and Mayank.
00:44:03Okay.
00:44:04Shiva debt task ledger includes 18,000 due from Mayank.
00:44:06Here is 18,000 rupees.
00:44:10Whereas, Creditor's Ledger include 13,000 payable to Mayank.
00:44:14So, what can we do to pay do to Mayank?
00:44:15What do we do to sell the table of Mayank?
00:44:17If we do, how can we do the same, do the same, it will be necessary, even lower amount
00:44:22of cancer.
00:44:23So, this will be $13,000.
00:44:24We will never get paid for that.
00:44:26However, I assume that it is going to be prepared only in the general ledger adjustment book.
00:44:30be prepared only in the general ledger adjustment book, general ledger book
00:44:34marktum.
00:44:36This is the debtors ledger account, creditors ledger account.
00:44:45This debtors ledger account, this creditors ledger account, this creditors ledger account
00:44:51Tataaass balance on the sales of indeed it is not fair and built.
00:45:15So, what debtors ledger account is true.
00:45:20In the side, 13 is there. Either cancel, one portion cancel, 13 is there. Either full cancel, it is there.
00:45:28Okay, creditors ledger. So, creditors ledger adjustment account,
00:45:36creditors ledger. Creditors ledger. Creditors on the credit balance. Simple. Debtors on the debit balance. Value being 13, 13. That is all. Is that okay?
00:45:52Hopes I could not understand. Yeah, finish up the journal entry. So, first illustration I teach money to reduce debtors and to reduce the creditors.
00:46:03Debtors on the credit contract. Creditors on the credit contract. I am passing this journal entry only in the books of
00:46:10General Ledger Bookla. General Ledger Bookla. Okay.
00:46:17In the kind of entry, creditors ledger adjustment account. Debit to debtors ledger adjustment account. That is all. 13, 13.
00:46:27Renewal lower number. Whichever is lower will be subtracted into both the balances. Is that clear?
00:46:34Okay. Now, we will move on to the next one. Individual debtors.
00:46:41Individual debtors. We have individual debtors only. In the debtors ledger book.
00:46:59General ledger book. General ledger book. We have debtors ledger account. Creditors ledger account.
00:47:20Is that clear?
00:47:21That is clear?
00:47:22Are we going to have debtors?
00:47:23Is that clear?
00:47:24And debtors ledger book. We have debtors ledger book.
00:47:25And debtors ledger book.
00:47:27Okay.
00:47:28Okay.
00:47:29Clear?
00:47:30Clear?
00:47:31We have general ledger adjustment account.
00:47:34Individual debtors account.
00:47:36Clear?
00:47:37Individual debtors account.
00:47:38Clear?
00:47:39Individual debtors account.
00:47:40Clear?
00:47:41Clear?
00:47:42Clear?
00:47:43Clear.
00:47:44Individual debtors account.
00:47:45Clear?
00:47:46Different debtors account.
00:47:47Clear?
00:47:48Clearing?
00:47:49Clear debtors account.
00:47:50Clear?
00:47:51Clear?
00:47:52Clear?
00:47:53Clear?
00:47:54Like, no?
00:47:55Clear?
00:47:56No?
00:47:57Okay.
00:47:58cash, purchases, sales, etc.
00:48:02If you have any debtors, you can maintain it.
00:48:06This is the company.
00:48:10You have two debtors ledgers.
00:48:14A, M and N, H.
00:48:18This is X.
00:48:22So, we have debtors ledger book two numbers.
00:48:44This is a business.
00:48:50Alright.
00:48:52Mrs. Chatterjee, a customer whose account shows debit balance of 5300 in AM Limited.
00:48:58AM Book.
00:49:00Chatterjee, that is a debtor.
00:49:04I am aware of the debtors.
00:49:06The name is C, Chatterjee.
00:49:10The account is required to be transferred to NZ.
00:49:24In the AM debtors ledger.
00:49:28Marries Mr. Singh.
00:49:32And her account is, therefore, required to be transferred to NZ.
00:49:38Singh is required to be transferred to NZ.
00:49:40The account is a business.
00:49:44You can enjoy that.
00:49:48You can enjoy that.
00:49:50You can enjoy that.
00:49:52Singh is a debtor.
00:49:54in the debtor are one of the chanterity over here, husband Mr. Singh atakepura, that's why
00:49:59seal on the move, yes, yes, it is, it is, it is.
00:50:05In the 5300, we are here, we are here, we are here, we are here, we are here, is that okay?
00:50:22So, we have to cancel here and we have to debit here.
00:50:26Okay, what do we have to enter?
00:50:29What do we have to enter?
00:50:31So, the chanterity over here, we have to debit.
00:50:35Now, if you are using the SING, you will use the chanterity.
00:50:38What do we have to enter? SING account debit to chantergy account.
00:50:43SING account debit 5300 to chantergy account 5300, is that okay?
00:50:49Clear?
00:50:51But what?
00:50:52Kind of this.
00:50:53With this, we have to pay fast, we'll use the pyth tape, we have to contract.
00:50:55Instead of using this, it's done, we cannot acknowledge all this.
00:50:57In the books, we do have to deal with here.
00:50:59Neither do we deal with them.
00:51:00Only there is no.
00:51:01It's due, here is a team handle, then he is to handle.
00:51:03In this case, there is no.
00:51:04There are two entries it are in the first and then there shall be rich.
00:51:06Chantergy, whether how?
00:51:07déc in the chain or nowhere
00:51:21It is equal to value, it is the opposite side of the book, it is 5300, it is the general
00:51:31ledger adjustment account of debtor ledger book from A to M, where I am going to be debtor
00:51:39ledger book, in the individual ledger debit side of the credit side of the book, is that
00:51:47okay?
00:51:48That is being debit, it should be in the credit.
00:51:53I am transferring from here to here, general ledger adjustment account in A M debtor ledger
00:52:04book, general ledger adjustment account in debtor ledger book of what?
00:52:14Is that okay?
00:52:18General ledger adjustment account in debtor ledger book of A to M debit.
00:52:23Two, general ledger adjustment account in debtor ledger book of A to M debit.
00:52:28Two, general ledger adjustment account in debtor ledger book of A to M debit.
00:52:32Two, general ledger adjustment account in debtor ledger book of A to M debit.
00:52:37Two, general ledger adjustment account in debtor ledger book of A to M debit.
00:52:46Two, general ledger adjustment account in debtor ledger book of N to Z 5300.
00:52:565300, is that okay?
00:53:08Are you copying this?
00:53:09That's all.
00:53:10First, general ledger entry, second, wherever angle put it, it will copy.
00:53:14Speed up.
00:53:155th question, state whether the following transaction appear in sales or purchases ledger adjustment
00:53:25account or not?
00:53:271.
00:53:281.
00:53:291.
00:53:302.
00:53:312.
00:53:323.
00:53:333.
00:53:344.
00:53:354.
00:53:365.
00:53:375.
00:53:385.
00:53:395.
00:53:406.
00:53:416.
00:53:427.
00:53:437.
00:53:448.
00:53:458.
00:53:469.
00:53:479.
00:53:4810.
00:53:499.
00:53:5010.
00:53:5110.
00:53:5211.
00:53:5311.
00:53:5411.
00:53:5511.
00:53:5612.
00:53:574.
00:53:58présent
00:54:0011.
00:54:0111.
00:54:021.
00:54:0311.
00:54:0412.
00:54:0612.
00:54:0712.
00:54:0813.
00:54:0912.
00:54:1014.
00:54:1112.
00:54:1210.
00:54:1315.
00:54:1421.
00:54:1521.
00:54:1621.
00:54:1718.
00:54:1821.
00:54:1922.
00:54:2022.
00:54:2122.
00:54:2222.
00:54:2322.
00:54:2422.
00:54:2522.
00:54:26Advance will come. And the advance refund that will also come. So, this will come. Is that okay?
00:54:43Sales will come. And the advance will come. So, advance will come. That same happens here. So, advance will come. Receive will come. Payment will come. Returning will come. Record will come.
00:55:09Provision made for bad debt. For rather. Provision for doubtful debts in the P in the account of debtors book. Bad debt is adjusted in the debtors book. Bad debt are contributed to debtors.
00:55:30But provision for doubtful debts in the account of the P in the account of debtors. So, it will not come here. Is that okay?
00:55:39So, the three things will not appear. One thing will appear. Normally, debtors, creditors book.
00:55:49The last component is rectification of errors like.
00:55:58Rectification of errors like.
00:56:00Rectification of errors like.
00:56:01What about the format?
00:56:02The format.
00:56:03The format.
00:56:04The format.
00:56:05The format.
00:56:06Okay.
00:56:07The format.
00:56:08Okay.
00:56:09Okay.
00:56:10Another.
00:56:11General.
00:56:12Ledger book.
00:56:13That is.
00:56:14Okay.
00:56:15Okay.
00:56:16Okay.
00:56:17Okay.
00:56:18That is.
00:56:19Okay.
00:56:20That is.
00:56:21Okay.
00:56:22That is.
00:56:23General.
00:56:24Ledger book.
00:56:25Ledger book.
00:56:26Log.
00:56:27Alongla line.
00:56:28Methodist.
00:56:29Ledger book.
00:56:30Website.
00:56:31pack.
00:56:32Deptags.
00:56:33Ledger account.
00:56:34Creditors.
00:56:36Ledger account.
00:56:37Creditage.
00:56:38Lord.
00:56:39Historiate.
00:56:40Calculate.
00:56:42Loc Nazism.
00:56:43Details.
00:56:44バat�.
00:56:45Incupvent.
00:56:47Medjet.
00:56:48Post.
00:56:49Golf.
00:56:50zen.
00:56:51Move.
00:56:52Res 61.
00:56:53nowadays.
00:56:54general ledger adjustment account, that is creditors ledger book
00:57:05general ledger adjustment account.
00:57:12Now, let's see here.
00:57:28Mrs. Jaggu & Co maintains ledger on self-balancing system on 31st March 2015, the general ledger
00:57:37measures the following balances, debtors ledger adjustment account, opening balance debit
00:57:43as ledger, creditors ledger, creditors ledger, okay.
00:57:46That is, errors, and overcast of bills receivable book by 5000 rupees, BR on the overcast
00:57:55done.
00:57:56BR, where are you going to put it?
00:57:57Is it?
00:57:58Is it?
00:57:59Is it?
00:58:00Is it?
00:58:01Is it?
00:58:02Is it?
00:58:03Is it?
00:58:04Is it?
00:58:05Is it?
00:58:06Is it?
00:58:07Is it?
00:58:08Is it?
00:58:09Is it?
00:58:10So, if you have put it in the data's ledger book, you can use the 5,000 extra.
00:58:13Now you will rectify, rectify?
00:58:16rectify?
00:58:19That's it?
00:58:22Isn't it?
00:58:24So, if you cancel the data's ledger account,
00:58:29you can use the general letter adjustment account in data's ledger book.
00:58:35Isn't it?
00:58:35debtors ledger account in general ledger book. Is that okay?
00:58:44Then the entry is debtors ledger adjustment account in general ledger book debit to general
00:58:50adjustment account in debtors ledger book credit 5,000-5,000. Is that okay?
00:58:56No. 1 is over. No. 2,
00:59:25an undercast of sales book by 6,000. Shall I go for the next one? Next one
00:59:37I can remove this. I can remove this.
00:59:44I can remove this. I can remove this. I can remove this. It is easier to do this.
00:59:49If you do this, you can remove this.
00:59:53The sales book undercasts are the sales.
01:00:00Debt as to sales.
01:00:02In the sales.
01:00:07If you have the sales, you will be able to sell.
01:00:12You will be able to sell.
01:00:15If you have the sales, you will be able to sell.
01:00:19If you have the sales, you will be able to sell.
01:00:23Debt as ledger adjustment account in general ledger book 2.
01:00:26General ledger adjustment account in debt as ledger book is the entry.
01:00:30Is that okay?
01:00:31Second entry is clear?
01:00:33Clear?
01:00:34So, in the side, you will be able to sell.
01:00:37In the side, general ledger adjustment account in debt as ledger book is the entry.
01:00:42General ledger adjustment account in debt as ledger book.
01:00:53Is that okay?
01:00:55Clear?
01:00:57Clear?
01:00:58Clear?
01:00:59Clear?
01:01:00Clear?
01:01:01Clear?
01:01:02Clear?
01:01:03Dead as ledger account in general ledger book.
01:01:04Clear?
01:01:05Debt as ledger account in general ledger book.
01:01:06Is that okay?
01:01:07Ledger account in General Ledger Book. Is that okay?
01:01:19In the title of the name, you say, Debtor's Ledger account debit to General Ledger's Ledger.
01:01:36Third, Goods written by Pankaj 4600 have been entered in the sales letter book but not posted to the Pankaj account in Debtor's Ledger.
01:01:47Punkach you can do it, so we don't need to pass any entry here, we don't need to pass any entry for this.
01:02:04Self-balancing ledger balance is not going to adjust, so we don't need to pass any entry for this, so we don't need to pass any entry for this.
01:02:12Total trade bound, but the protocols progress are supported, that are in theoffs sector.
01:02:23Tax discount allowed to customer amounting to the euro, 2005 ECE had not been taken into consideration,
01:02:38Sales discount, opposite sale, now on the 2580, then in entry, general ledger adjustment account in debtor's ledger book, debit to debtor's ledger adjustment account in general ledger book will be the correct entry. Is that okay?
01:02:52Now,
01:03:20Next,
01:03:26Sales to Kerpenage,
01:03:30and overcast of purchases book, purchases book will overcast upon you.
01:03:37Purchases is recorded here,
01:03:43In this sale, you can see,
01:03:50value being 10,000,
01:03:51So,
01:03:53creditors ledger adjustment account in general ledger book to general ledger adjustment in creditors ledger book. Is that okay?
01:03:59The last one,
01:04:09Goods for rupees 6,300 purchased on credit correctly entered in the purchases book but wrongly posted as 3,600 in the creditors of personal account.
01:04:26One,
01:04:27One,
01:04:28One,
01:04:29One,
01:04:30One,
01:04:31One,
01:04:32One,
01:04:33One,
01:04:34One,
01:04:35One,
01:04:36One,
01:04:37One,
01:04:38One,
01:04:39One,
01:04:40One,
01:04:41One,
01:04:42One,
01:04:43One,
01:04:44With that, the adjustment increases.
Recommended
40:14
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