Skip to playerSkip to main contentSkip to footer
SERIES
  • 7/2/2025
Transcript
00:30So, let us now try the illustration number 5.
00:39Mr. Aravind Kumar has a small business enterprise.
00:49He has given the trial balance details are there, additional information is also there.
00:54Stock.
00:55So, you are required to prepare final accounts in the books of Mr. Aravind Kumar and also
01:01the balance sheet as in the date.
01:03So, we have to open trading and PNL account, trading and PNL account as well as balance
01:12sheet.
01:13So, you have no need to worry about the illustration and the question.
01:20Just to join with me to solve this illustration.
01:24Illustration number 5.
01:31Now, closing stock 60.
01:37I will put that value here.
01:42Closing stock 60,000.
01:48Invered home.
01:49Balance sheet less stock in trade 60,000.
01:53That means, right off further 6,000 has bad debt and maintain provision for doubtful debts around
02:055 percentage.
02:06Bad debt in over 5,000 extra.
02:09Prevision for doubtful debts 5 percentage.
02:12Goods costing 10,000 were sent on approval basis to a customer for $12,000 on 30th March 2022.
02:29This was recorded as actual 6.
02:33This was recorded as actual 6.
02:34So, singularity in book concept lecture, goods sent on approval basis to a particular 4.
02:43Approval lagra varikki madhu umpide inna kada yadhu, sales kada yadhu.
02:47As it is not being sales, you have to reverse this.
02:49Appa reverse panampo the energy electric one of the beautiful illustration, one of the beautiful
02:56illustration.
02:57Ye beautiful illustration should be done, you have lots of adjustments for the datas also, will
03:02have the impact.
03:03So, third question is kana journal entry enabitimshanakha, sales what we have done is reverse
03:12as it is not sales.
03:14So, sales are kona debit to debtors, sales lengthum and the 10,000 say, 12,000 rupees
03:23are you subtract pandunga, debtors lengthum 12,000 rupees subtract pandunga, rent vishaybdha
03:30and the third adjustment, one of the beautiful illustration.
03:34As per the realization concept, unless you realize you cannot take.
03:37As per the realization concept, if the goods sent on approval basis, until it gets approved,
03:42it is not your VL6.
03:54So, you have to reverse pandunga as in the 31st March, number one.
03:56Number two, rent out vishaybdha.
03:57How do you value the closing stock?
04:01Usually, the closing stock valued based on what?
04:04Physical verification as in the last state.
04:0631st March, it is physical of the stock, you have to verify the stock.
04:11Physical verification.
04:12In the stock, and the good says in the hands of the customer, what do you do?
04:18Okay.
04:19To the extent of cost, it should be included with the closing stock.
04:24As it is not sale and stock should be mine.
04:27Sales are okay.
04:28Sales are kona, the sales are reverse pandunga.
04:30I am going to add it.
04:36So, I am going to add it.
04:38So, that is what I am going to do.
04:39Stock with customer, stock with customer account debit to trading account.
04:50This value being 10,000.
04:52Closing stock, how do you do?
04:54Trading like credit sale, balance sheet, asset sale.
04:58Asset sale in the middle of the market.
05:00It is not.
05:01It is not.
05:02It is not.
05:03Physical verification is the stock message.
05:05What do you do?
05:07The value is closing stock.
05:09It is not.
05:10It is not.
05:11It is not.
05:12It is not.
05:13It is not.
05:14It is not.
05:15It is not.
05:16It is not.
05:17It is not.
05:18It is not.
05:19It is not.
05:20Let me pass the entry for this one.
05:2310,000 rupees.
05:2410,000 rupees.
05:2510,000 rupees.
05:26Okay.
05:27With customer.
05:28With customer.
05:29So, either end in our purchase.
05:30Clear.
05:31So, we have completed these two.
05:32Sales reverse pandunga.
05:33Minus 12,000.
05:34Debtas reverse pandunga.
05:35Minus 12,000.
05:36Minus 12,000.
05:37Is that okay?
05:38So, sales with our request.
05:39Sales have reverse pandunga.
05:41Minus 12,000.
05:44Debtas have reverse pandunga.
05:47Minus 12,000.
05:48Minus 12,000.
05:49Is that okay?
05:51So, sales pandunga.
05:53Debtas debit pandunga.
05:54Is sales pandunga.
05:55Debtas pandunga.
05:56Reversed pandunga.
05:57Debtas will ayo mohon under.
05:58That is why sales pandunga.
06:00So, this is what about the thing you have to do for third one.
06:02In the general entry, what we are doing to the third one?
06:04In the journal entry, what is going to do in the journal entry?
06:06I will copy and copy and paste it in the journal entry.
06:11Fourth, 2400 paid as rent for office, was divided to landlord account and was included in debtas.
06:21So, one of the beautiful illustrations.
06:23In this illustration, I will tell you that students are going to start with debtas.
06:29How much we have the debtas here?
06:3370,000 rupees.
06:39Minus what?
06:41Minus what?
06:43Bad debt.
06:44Further bad debt.
06:46How much is it?
06:48Double entry.
06:49Bad debtas are added.
06:51Debtas are added.
06:525,000 asset.
06:5465.
06:58That is what?
06:59Minus sales return.
07:04For what?
07:06Adjustment of this one.
07:08Sales.
07:09Sales.
07:10Sales.
07:11Our particular return.
07:12Then reverse.
07:13Okay.
07:14These two are going to be deducted.
07:18Bad debt.
07:196,000.
07:20Bad debt.
07:216,000.
07:22Okay.
07:23Further bad debt.
07:25This is 6,000.
07:27This is 6,000.
07:28Now we have 6,000.
07:31Further bad debt.
07:32Clear?
07:33Double entry.
07:34Double entry.
07:35Double entry.
07:36Sales return.
07:37Inge minus.
07:38Inge minus.
07:39Inge minus.
07:40Inge minus.
07:41Inge minus.
07:42No issues.
07:43Apart from that.
07:44Apart from that.
07:45Bad debt.
07:46Sales return.
07:472,400.
07:48Rent for office.
07:49Was debited.
07:50Rent.
07:51Debtar.
07:52Debtar.
07:53Debtar.
07:54Sorry.
07:55Paid as rent.
07:56Okay.
07:57Rent.
07:582400.
07:59Paid as rent.
08:00Okay.
08:01Rent.
08:022400.
08:03Paid as rent.
08:04For office.
08:05is também a debit to landlord.
08:06Was debited to landlord.
08:07Okay.
08:08Rent up.
08:09Debit to cash.
08:11Dead to debit past the Ring.
08:12What is wrong?
08:13Do we have to do that?
08:14Debtars to cash.
08:16A rectification of assureism.
08:19Under如何.
08:21This is Cansl.
08:22The correct entry.
08:23The wrong entry.
08:24The correct entry can come.
08:25And the wrong entry.
08:26The new post and the wrong entry can reverse.
08:28This is position.
08:29The bet.
08:30Fork.
08:31Rent.
08:33Debtars a credit planning.
08:34is there any rent? So, we do not have rent when I had panic, rent no, no, no, no, 2400.
08:48This is minus, plus, debit total same, debit total same, error of principle, error of principle.
08:59General manager is to be given a commission, the rate of 10 percentage of net profit after
09:03charging is commission.
09:04So, after charging is commission.
09:06So, after charging is commission.
09:07So, if we go to commission, we will get the commission.
09:10Noorva profit before charging commission, commission is 10 to Noorva.
09:14This is the net profit after charging service commission.
09:17So, this is the commission case.
09:20Works manager is to be given a commission of 12 percentage of net profit before charging
09:26general manager's commission under his own.
09:28Okay.
09:29So, in the 5, 6, not now, later on, not now, later on.
09:35Now, after all these adjustments, what could be the final data's value?
09:4149,600.
09:42Now, what about the PDD requirement?
09:43So, 5 percentage number PDD create.
09:44So, PDD requirement being 5 percentage on this.
09:45How much is that?
09:462480.
09:472480.
09:482480.
09:492480.
09:50Now, what about the PDD requirement?
09:51So, 5 percentage number PDD create.
09:52So, PDD requirement being 5 percentage on this.
09:54How much is that?
09:552480.
09:562480.
09:572480 is to be created.
09:58Okay.
09:59So, debtas have formed.
10:00So, debtas have formed 49, 600.
10:05PDD requirement being 449, 600.
10:07PDD requirement being 2480.
10:09Okay.
10:10So, debtas have formed.
10:12So, debtas have formed.
10:1349,600.
10:14PDD requirement being 2480.
10:16There are a commission.
10:18Commission, we can go for adjusting this one, we can go for adjusting this one, clear, in the some interesting concept, they are focusing completely attacking the debtors, debtors adjustment is the main sale on approval basis, further bad debt, payment to some other expenses wrongly
10:47that may be a error, let's start with the posting of all these items, available items, deprecation and building post, yes, yes, capital, Mr. Aravindhi capital, 1 lakh,
11:15Aravindhi capital, 1 lakh, machinery 36,000, missionary 36,000, deprecation and machinery 4,000, how do you postpone now, how do you postpone now, 36,000 assets, deprecation and the PNL account,
11:37depreciation and the PNL account, depreciation for machinery, Sir, depreciation and the asset is less, Sir, adjustment is less,
11:49trial balance is already adjusted automatically, nominal accounts available in the trading account, we will go to the, Sir, in the trial balance, we will go to the trading and PNL account only,
11:57only, which is out of my own interest, I created that lecture, Final Opens lecture
12:08I created that lecture for understanding the base, you can learn that one also, then repairs
12:16to machinery, machinery repair 5,200, wages trading equal to debit payment item, value
12:29being 54,000, salary is debited to the PNL account, the value being 21,000, income tax
12:42of Mr. Aravin, personal expenses are now drawings, income tax of Aravin, 1,000, cash in hand,
12:564,000, land and building, L&B, land and building, 1,49,000, depreciation on this building Kanathu,
13:11the value being 5,000. So, I have posted all these items here, hope you will be now able
13:23to understand this, depreciation. Further, purchases in the Ramstad Pantiklum, up to bills receivable
13:35income tax, 4,000, yeah. So, we have been given purchases less return also, purchases 2,50,000,
13:51less return, less return, 3,000, 2,47,000, 2,47,000, sorry. So, purchases, purchases 2,50,000, minus return, 3,000, 2,47,000.
14:19Sales, 498,000, minus approval pending, 12,000, clear approval pending, 12,000, sales return
14:37Pantiklum, balance being 4,86,000. CC bank, okay. May be life is sale, bank credit, cash credit
14:51O-draft Calvi, okay. This value being 7,600. Accrued income, how are you?
14:53Cash credit. O-draft Calvi, okay.
14:54O-draft Calvi, okay.
14:55O-d, okay. This value being 7,600. Accrued income, how are you?
14:57Other rate at1 paying higher rate and higher rate, we will pay.
15:00So, who?
15:01What?
15:06imes
15:07franc tax credit
15:21Then accrued income should go, asset side, accrued income, the value being 3000, adjustment
15:31level of income should be 0.8-4 more.
15:33In the trial balance, the value is 0.8-2.0.000.
15:36If you are trading on PNN , personal or real account, the value is 0.8-0.0.000.
15:42Accrued income, and personal accrued income, and personal accrued income .
15:46If you are not accrued income, pay for tax and pay for tax also, if you can be accrued,
15:50that should be the only option, that should go to the balance sheet.
15:55For the salary, but our own lui.
16:01library side we are liable to pay 4000 rupees bills receivable we are asset side level now
16:12we are being 30 000 rupees
16:18so we have posted all these items
16:22left over few more items i am going to post
16:24provision for doubtful debts length balance item yes
16:39now you know that bad debt bad debt adjustment
16:47the repayment balance between 1 000 rupees
16:51in caps
16:54Yeah
16:56the balance balance is two thousand rupees
17:01is two thousand rupees
17:06two thousand rupees
17:08And the way, adjustment will be 6,000 rupees and provision for doubtful debts requirement
17:20for the next year given in the adjustment, 2,480 we have introduced in debt tax, 2,480
17:31And opening PDD is already available in the trial balance which is 10,000, final shortage
17:48being 480, final shortage being 480, P and debit, R credit, negative value on the credit
17:59upon repaying a positive value on the debit sale upon now.
18:03So, here, bad debt and provision for doubtful debts, refer the working note number 1, 400
18:13of each, clear?
18:17So bills payable, liability sale over now, value being 16,000.
18:26Discount on purchases, discount on purchases, the value being 7,080 debtors 49,600 minus
18:53PDD, 2,480, what is the ultimate value, debtors router calculator, 47,120, creditors 62,520,
19:12opening stock, value being 74,000.
19:13Opening stock, value being 74,000.
19:19Pudus hour item, rent debit, the value being 2,400.
19:27Commission, we have to calculate the commission, commission calculate the commission, and you have to
19:34calculate what is the net profit, just to make commission calculations.
19:36Okay?
19:37commission calculations okay commission calculate so you have to make the payment for the commission also commission are going to payment for the commission also so five and six
19:53five and six and just keep it here okay five and six right now what more rest we have completed right
20:12you can find out the gp closing stock 60 stock with customer 10 stock with customer
20:23in a closing stock now come on tell me the gp here
20:34five lakhs fifty six thousand five lakhs fifty six thousand
20:42one lakh eighty one thousand is the gp
20:47i transfer the gp to the pn account one lakh eighty one thousand
20:50here i have to find out the commission
20:58to gm as well as wm
21:02adhuk appara varadhu net profit
21:06now find out the current balance
21:10for commission net profit and all
21:12lmsh chetha evođ varudhu one lakh eighty eight thousand eighty one lakh eighty eight thousand eighty
21:20one lakh eighty eight thousand eighty
21:23rough are tally pannna enna value varudhu ngay
21:27one lakh
21:28one lakh fifty thousand rupees
21:29ippad dhikki ni ngay vandhu umu naari pati cham madhari ten percentage commission plus ten percentage
21:36in the marilam poti kena answer varadhu
21:37koji yoas ike dheri no
21:39let's see what is the logic here gm is to be given commission at the rate of ten percent of the net
21:46profit after charging his commission our commission poha work manager is to be given a commission at
21:52twelve percent of the net profit before charging gm's commission and his own
21:56and you go to the bank the first one who has to be a works manager is to be a commission
21:59and if you have to be a commission
22:02and if you have to be a director
22:03we will have to be a commission
22:04which is the one lakh fifty thousand
22:08i think that you calculate
22:08about the work manager commission
22:15okay
22:18twelve percentage twelve percentage
22:19i think eighteen thousand rupees
22:2212 percentage, you know, 18, you will be getting 18,000, if a net profit before commission,
22:41in a commission, GM commission as well as work manager commission, rent demand, 1,50,000,
22:50minus works manager commission about the subtract money, works manager commission, which is
22:5718 percentage on this, sir, 12 percentage on this, 18,000 rupees.
23:02Now we will be getting net profit before commission, especially before GM's commission only, 1,32,000.
23:11In this case, GM's commission subtracting, you will get net profit after all commission.
23:21If GM's 10 percentage of the net profit, what do you say, 10 by 100 of net profit, after charging
23:33his commission, that was the commission, okay, in that case statement, for your understanding.
23:39commission at 10 percentage on net profit, of net profit or on net profit, after charging
23:52his commission, after his commission.
23:56Is that okay?
23:57commission on 10 rupees, net profit after commission, that is 100.
24:01So, if you feed it, either 100 or commission 10, net profit less than 100, you can now do the
24:10cross multiplication 110, 1,32,000, 10,000 rupees, 10 by 110,000 rupees, so after commission 10 by,
24:22commission 100 plus commission, you will be able to get that answer also, 1,20,000 rupees is the final value.
24:231,20,000, and here, 12,000 rupees, so outstanding commission, for general manager, 12,000 payable, for work manager, 18,000 payable, and finally, net profit transferable to the PN
24:37local home balance sheet, 120,000, then the capital balance here being 2,19,000, if I tally the balance sheet, I hope, this will be agreeing at rupees 3,39,000,
24:44120,000, cross verify, whether you are getting this answer or not, clear?
24:511,20,000, then the capital balance here being 2,19,000, if I tally the balance sheet, I hope,
25:04this will be agreeing at rupees 3,39,120, cross verify, whether you are getting this answer
25:10clear?
25:11clear?
25:12clear?
25:13clear?
25:14clear?
25:15clear?
25:16clear?
25:17clear?
25:18clear?
25:19clear?
25:20clear?
25:21clear?
25:22clear?
25:23clear?
25:24clear?
25:25clear?
25:26clear?
25:27clear?
25:28clear?
25:29clear?
25:30clear?
25:31clear?
25:32clear?
25:33clear?
25:34clear?
25:35clear?
25:36clear?
25:37clear?
25:38clear?
25:39clear?
25:40clear?
25:41clear?
25:42and the debt-ask calculation is that,
25:442 wishyengal in this case,
25:46one debt-ask calculation
25:48is the sale and approval basis case.
25:52In the sale and approval basis,
25:54there are 2 wishyengal
25:561 sale sale in reverse
25:58the only way is that,
26:00in the next part,
26:02if the closing stock is physically
26:04verified, it includes
26:06the 2 assumptions
26:08Is that clear?
26:12We will move on to the next illustration,
26:14illustration no. 6.
26:16In the illustration no. 6,
26:20errors are there,
26:22some of the beautiful illustration.
26:24Let us try.
26:26First, enjoy learning all these things.
26:28So, they have suspense account,
26:304000 rupees.
26:32So,
26:34they have suspense account,
26:364000 rupees.
26:38So,
26:40upon the rectification of errors,
26:44then you can proceed as usual.
26:48It is a comprehensive illustration.
26:50Mr. Rabi has requested you to help him,
26:52telling his trial balance and also prepare his final accounts on the investigation of his books.
26:58You get the following information.
27:00Closing stock on 31st March 23,
27:06was 45,000 at cost
27:08and could sell over this value.
27:10Cost on the 45,000,
27:12So,
27:14the stock will always be valued at cost or
27:16NRV,
27:18whichever is lower.
27:20NRV is a realizable value.
27:22NRR rating is a realizable value.
27:24NRV is a realizable value.
27:26NRV or this one,
27:28whichever is lower will be taken.
27:30This one,
27:32we will record.
27:34Trading and PN telecom.
27:36Trading and PN telecom.
27:38And then,
27:40balance sheet.
27:42And then, balance sheet.
27:44Okay.
27:46So,
27:50Trading and PN telecom.
27:52So,
27:54Trading and PN telecom.
28:00And then, balance sheet.
28:10Closing stock.
28:14Value being,
28:1645,000.
28:18Balance sheet left.
28:20In particular,
28:22Stock in trade.
28:2445,000.
28:2645,000.
28:28Depreciation of PN 13500,
28:30Needs to be provided for the year.
28:32In that,
28:34Depreciation of PN 13500,
28:36Needs to be provided for the year.
28:38In that,
28:40Depreciation of PN 13500.
28:42Okay.
28:44So,
28:46Then, what is general entry here?
28:48Depreciation should be deputed to the PN telecom.
28:52And,
28:54Fixed asset circa
28:56Subtract
28:58Minus depreciation.
29:00What is the value?
29:0235,000.
29:04What is the value?
29:0635,000.
29:07Thirteen,
29:08500.
29:09Subtract
29:14Outer
29:24Okay.
29:25A withdrawal slip indicated a cash withdrawal of 15,000.
29:29Which was charged as a drawings.
29:31However, it was noticed that 11,000 was used for business purposes only.
29:35And,
29:36And,
29:37And,
29:38Was entered as an expenses in cash book.
29:39Right.
29:4015,000 rupees withdrawal
29:45And,
29:46Drawings are put up.
29:47And,
29:48And,
29:49And,
29:50And,
29:52And,
29:53And,
29:54And,
29:55And,
29:56And,
29:57And,
29:58For the third,
29:59What is the wrong entry?
30:00Wrong entry,
30:01Correct entry,
30:02Rectifying,
30:03Rectification entry.
30:04Ah.
30:05Yes.
30:06Correct entry being,
30:07Correct entry being,
30:08Correct entry being,
30:09Correct entry being,
30:11Okay.
30:12You need business within the bank,
30:13Cash to bank.
30:14Cash upon debit to bank.
30:15The value being 15,000.
30:19Yes.
30:20Correct entry being,
30:21Yes.
30:22Correct entry being,
30:23Correct entry being,
30:24Correct entry being,
30:25Okay.
30:26You need business withdrawal
30:28and asking,
30:29Cash to bank.
30:31Cash upon debit to bank.
30:33The value being,
30:3615,000.
30:3715,000 okay and it was noticed that 11,000 was used for business purpose only, business
30:48purpose was entered as expenses in cash book okay, either cash book record, cash book record
30:58to cash, 11,000 rupees, correct entry 15,000 with draw upon all of them, 11,000
31:28on the business purpose use pannate irukkeraangu, apkhaa that cash in pootuangu balance in
31:32you enna ni pannate irukklaangu, drawings in the drawings in the use pannate irukklaangu,
31:35balance in the drawings in the use pannate irukklaangu, avid maathe ing aah, just correcting it clear,
31:44bank ilanthu 15 jai irubba vong nadu kku yung enna pannate irukklaangu, business ike use pannate
31:5011,000, beat ikeritthiruponandhu nalaay irukklaangu, business ike use pannate sell out irukklaangu
31:55yung enna pannate irukklaangu, cash in pootuangu, expenses to cash in pootuangu, expenses to cash,
32:0211,000, 11,000 , 11,000 this is how the posting is done,
32:17expenses to cash 11,000 this is how the posting is done incorrect correct entry wrong entry
32:35there is no doubt here okay then bank link link link link link link link link link link link
33:05there is no doubt about theDAVDEINTAS общем
33:11here is no doubt it will be still but that's not just recent
33:29So, here the rectification entry for the third one, cash upon debit, two drawings, two drawings.
33:59The value being 11,000, one of the beautiful concept.
34:04So, drawings are in a reduced money, clear.
34:12Now, third one is over.
34:20Let us move on to the fourth one, goods worth rupees 19,000 were purchased on 24th March,
34:29sold on 29th March for 23,750, sales were not recorded correctly, but purchase invoice was
34:35missed out.
34:37Sales on the record purchase invoice, purchase invoice, so that is only omission.
34:48So, purchases put on both in entry or omission, error of omission, so fourth one, purchases
34:54to creditors, fourth one, purchases upon debit to creditors, to creditors.
35:07The value being 19,000.
35:13So, the first one, I will score out.
35:14So, that is, I will ask, I will have a score out.
35:15I will say, I will have a score out.
35:16And the rectification of error entry is going to be the same thing.
35:18So, that is, I will explain that.
35:19Fourth one, purchase returns of 1500 were routed through sales returns book.
35:28parties account was correctly posted
35:30purchase return
35:32purchase return
35:34purchase return
35:36credit
35:38sales return
35:40debit
35:43purchase return
35:44wait
35:46you tell
35:48suspense
35:50no
35:51suspense
35:52suppose
35:56Suspense upon. Purchase return is a credit, purchase return is a credit balance. Purchase debit balance, purchase return is a credit balance. Sales return upon you debit balance is a credit balance.
36:12Sales return upon you debit balance is a credit balance. Two sales returns. Second, expenses include $3,150 related to the period after 31st March 2023.
36:35So, expenses paid in advance. So, expenses are subtracted. Expenses minus advance, $3,750. Advance payment is a credit balance, expenses in advance.
37:02Now, adjustment method is a credit balance.
37:06Clear? Hope you will be able to now understand this. Purchase book was overcast by 1000. But posting to supplier account is correct. Purchase book debit balance,
37:20the number being 7. Two purchases. Two purchases. And debit sale only illaam irukkapa, enna pannu yauguna? Suspense account debit money.
37:27Yowlo? The value being 1000. Is that clear? Now, now, advertising will be useful for generating revenue for 50,000.
37:29Two purchases. Two purchases. Two purchases. Two purchases. Two purchases. And debit sale only illaam irukkapa, payenna pannu yauguna?
37:34Suspense account debit money. Yowlo? The value being 1000. Is that clear? Now, now, advertising will be useful for generating revenue for 5 years.
37:41Now, now, now, now, now, now, advertising will be again outdated.
37:48Now, advertising will be useful for generating revenue for 5 years.
37:58This is anjeev. This is anjeev. This is anjeev. This is anjeev. This is anjeev.
38:05Now, the reason is anjeev. Deferred revenue expenditure. So, what are you doing?
38:10Now, what are you doing? Anjeev. This is anjeev. This is anjeev.
38:13This is anjeev. This is anjeev. This is anjeev. This is anjeev.
38:18So, current scenario being, you can debit the entire advisement expenses in this year itself. Though, that advisement will have the impact for 5 years for the increasing the sales.
38:27Now, these are the items. Okay. Let's see. Cash debit 11,000.
38:49Now, 3,000 are cash. What are you doing? Now, the debit is critical.
38:56Now, the credit balance is critical. 3,000 now becomes 8,000 debit balance cash. Drawings are 11,000.
39:08Substanceفed Catfish siempre, 60, 4000 timer.
39:15Purchase debit is rate, 99,000. Okay.
39:22You have to increase this much. Credit balance will increase by 19,000 rupees.
39:29you have to increase this much. Credit cards will be increased by 19,000 rupees. Credit
39:40cards will be increased by 19,000 rupees. Credit cards. 19,000 rupees. Suspense account
39:52on debit card 3 plus another 1,000, 4,000 debit card it becomes 0. 4,000 credit, 4,000 debit
40:010 item. So, it disappeared. Purchase return 1,500 rupees reduce
40:08this becomes 12,000 rupees. Purchase return 1,500 rupees. You have to add that 1,500
40:18also with this. Sales return 1,500 rupees minus 1,500. So, we have posted all these items.
40:31I am going to now post all these things here. So, rectification of error sentry port
40:43to make the ultimate value. What? 19,000. 19 plus, 1000 minus.
40:56Now, let us proceed with 1 after 1. A is capital. Capital, first one. Capital, the value being
41:18150. Inner column. Drawings swarambodhu. Drawings swarambodhu. Drawings swarambodhu. Minus drawings.
41:2964,000. Fixed assets, 135,000. Abhinath, less than a paragraph, 1,21,500. Opening stock. Opening
41:43stock. 36,500. Purchase, less return. So, purchase onthi yowla irukkhu? 675 plus 18, 675 plus 19,
42:01minus 1000, minus 15,000. Minus 15,000. Minus 15,000. Eithu purchase return. Adhala
42:10decode pahndi yowla irukkhu. What is the final value? 6,000, 78,000 na? 6,000, 78,000. Rent minus or plus.
42:22Sales less return. Sales less return. Sales yowla irukkhu? 850. Minus sales return yowla irukkhu?
42:3234, adhala 1,500 less pundi yowla irukkhu? 32.5 less pundi yowla irukkhu? 8,17,500.
42:46Due from customers and to credit cards. Customers get onthi yowla irukkhu?
42:50Amount debtors, debtors balance being 95,000. No more adjustment. Credit cards varambodhu?
42:573,00,25,000. Adhoorad, 19,000 sayethu yowla irukkhu? 3,00,44,000. Expenses varambodhu? 45,750.
43:1445,750. 3,000,750. Less pundi yowla irukkhu? 42,000. Cash balance onthi yowla irukkhu? 8,000.
43:27Positive varambodhu? Negative varandudhu. Bank deposits interest earned. Bank deposit onthi asset.
43:36Okay? Investment. Bank deposit. Value being 55,000. Adho kaha namakki interest karacchan dhaal adho income. Interest received 5,750. Suspense got eliminated 0 today. Advertisement completely can be debited though we have the benefit for 5 years.
43:49ida nirukkhu? 5,750. Suspense got eliminated 0 today. Advertisement completely can be debited though we have the benefit for 5 years.
43:56ida nirukkhu? 5,750. Suspense got eliminated 0 today. Advertisement completely can be debited though we have the benefit for 5 years.
44:01ida nirukkhu? 5,750.
44:03ida nirukkhu? 5,750.
44:05ida nirukkhu? 5,750.
44:07ida nirukkhu? 6,750.
44:092,750.
44:123,750.
44:14Now let us tally the trading and pay nirukkhu one after one.
44:17ida nirukkhu? 6,750.
44:208,62,500
44:248,62,500
44:29getting the gp of rupees 1 lakh 48 000 am i right kereta 1 lakh 48 000 so here gp 1 lakh 48 000
44:42and you will be getting the net profit here being
44:471 lakh 48 i think you have a loss 2 lakhs and either last i think 2 lakhs 55 500
44:542 lakhs 55 500 net loss being 1 lakh 1750 minus net loss 101.75 now the capital being 86 000 only
45:14the balance sheet total
45:154 lakhs that those 4 lakhs that it was
45:24clear you got the value now
45:45so
45:56Tell you that.
46:26What is it?
46:47Okay.
46:52344 is 86 correct?
46:57No, it is 1.44.
47:03It is 1.44.
47:06It is 1.44.
47:12Minus is equal to the value.
47:13That is the value.
47:1486,000 minus or plus or minus?
47:17Minus.
47:18Ok.
47:19Ok.
47:20Ok.
47:21Ok.
47:2215,750 minus.
47:243 lakh.
47:25Ah.
47:26Final value?
47:273 lakhs, 31,250.
47:28Yeah.
47:293 lakhs, 31,250.
47:31Yeah.
47:32Ok.
47:33Bookla vandhu net loss opposite side la ponder karanga apiim ponderlaam.
47:39Adhu fictitious assetta maritam.
47:42When the loss appearing in the balance sheets asset side, it will be called as fictitious asset.
47:48Latest modern method in the balance sheet, it will be called as fictitious asset, subtract negative value.
47:56Both ways are accepted.
47:59So Vishal, are you able to get the answer now?
48:033 lakhs, 32,000.
48:053 lakhs, 32,000.
48:07How much value is correct?
48:09Check it out.
48:10Correct?
48:11Correct?
48:12Yes.
48:21Ok.
48:22Ok.
48:23Ok.
48:24Now here's a lot.
48:25Ok.
48:26Let's take a look.
48:27Ok, so...
48:28I'll spend a little bit of a time and a little bit of a couple of steps.
48:29Ok.
48:30Ok.
48:31I'll spend a little bit of time on this one.
48:32So...
48:33Ok.
48:34I want to take a look at the nozzle.