Lesson 10:: Final Account Adjustments

[@girlfromsmalltowndel]

Thanks

[@nitingoel]

Thank you Soo Much tor kind support😊🙏

[@nitingoel]

23:08 dear Students. I wrongly Subtracted New Provision. The new provision has to be added. Please correct. 21000+8000 = 29000. Keep learning and provide feedback for better learning. 👍👍😊😊

[@Nirmit017]

Thanks u for quick response

[@nitingoel]

@@Nirmit017 My heartly thanks for your kind feedback. Please share the channel among groups to support it to grow fast. 👍👍😊😊

[@mdzeeshan6247]

Thanks Sir For Adjustment

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Thank u sir..mai v puchne ja rha tha yehi baat fir comment me hi pta chal gya...

[@vanshusharma2191]

Sir u r great

[@anjalinetto7152]

Good Evening Nitin Sir, Sir, You explain everything so very nicely, in a friendly way ,making everything so simple & easy to understand. I am a 1976 Commerce Graduate so I can understand how you make this sub so very easy for students. & right now my nephew a Science Gr.is learning Financial Accounts with the help of your lectures. I am also attending ur lectures with him.Good revision for me also. Thanks a lots once again. He is very much enjoying these lecture in Financial Accounting. Thanks.

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[@ranahamza1012]

AoA Nittin Sir..... Bundle of Thanks 😊.... Apny bohat Achay sy Explain kiya h ... Again Bundle of Thanks Respected Sir...

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Aap bahut achha padhate hai sir aapka samghhane ka tareeka bahut achha hai thank you for teaching sir

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Samjhane not samghhane...after 3 years somebody telling yu .....so don't mistake spelling otherwise yu will have mistake hole years🥰🥰

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Sir, your way of teaching is very amazing keep it up and God bless you ! I'm very sorry to found you late but pray 🙏 for my success. Thanks

[@anukampamasih3143]

Sir I have no word to express my feelings for you you are amazing sir thank you

[@oppol1392]

What a concept explanation sir , I really like your teaching , also if anyone have doubt they will deffently get solution by this video , thank you so much sir for concern and support ,

[@aveycharms9092]

Tomorrow is my exams its 2:53 am n thanks to u sir i learnt it now after watching ur video

[@jyotimandarkar3288]

Thanks sir this video it was very imp for me... Thanks

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Sir ap sbhi subject bhot vdia pdate ho thnx sir hme acha teach krne k lie

[@Ishu-z7]

You are amazing sir ....I love the way you teach..

[@Off_icer]

thank u sir mujy kisi ki b smj nai thi aa rai lekin apki a gai😅

[@syedkhadeerahmed7603]

Thank u sir for teaching in a simple manner👩‍🏫

[@hamzahghufran]

Sir ... hats off to your explanation.. thanks a lot for the effort you put to teach us.

[@parthbhanushaliofficial]

😍Thankyou sir...Ye concept nai samjhata Abhi sab clear

[@jitendragupta140]

Very good explanation for all.So thanks

[@TiwariAnil-d1t]

Dought clear ho gya bad debtor adjustment ka kav samjh ni aata tha thanks a lot sir

[@nitingoel]

@@TiwariAnil-d1t channel ko दोस्तों से शेयर करते रहना😊😊👍

[@gulsheransari9474]

sir apka trading and profit n loss ka video bahut accha tha

[@shraddhalunkad7020]

This was really helpful sir. Especially for someone like me, who is not from commerce background.

[@khushikumari389]

sir u are a great teacher

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[@MamtaSharma-ym5tr]

Very very good teacher 😀😀

[@varshasathe2210]

sir your explanation is very good

[@palak4618]

Thanku sir mujhe yhe consept 11sai clear nahi ho raha tha aj jakar samajh aya hai thanku sir👍👍

[@omsachan563]

Sir aap bhut aacha pdate h

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[@sakshisheth6811]

Thank you sir. helped me a lot to clear my exams .

[@vishalchaudhary7931]

Thanks

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[@Priya_prajapati011]

Thnku sir this vedios are very helpful for students ☺️😇

[@kaynat5536]

Thanks sir good revision for me I am t.y.b.com students thank you so much sir for you lecture .

[@nri518]

Thanks for simplified all adjustment 🙂

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[@GangaTiwari-yu8yi]

Jai shree Ram ji 🚩🙏🙏🙏 hare Krishna sir Ji ❤❤😊

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[@mohitmaddu4851]

🙏 nice explanation

[@ALOK456mtv]

Bahut bahut bada help mil gya😌

[@sanjuud45]

Sir Aap bhot achche pdaate ho..

[@shivi1904]

Thnk u so much sir for solve my problem🙏🙏🙏

[@TheAkanksha2012]

all concepts clear.thank you sir.

[@SunilKumar-hl7yu]

sir provision is part of profit so provision ko b/s k liability side show kiya jata h...

[@deepakkumar-cy5nl]

Thanks so much n best video

[@RohitPatil-uc8hw]

We have to write bad debts, provision for bad debts in balance sheet and profit and loss A/C both

[@arun0055]

Nice explain sir Thank you

[@chetnagtak3639]

Very easy to understand 👌👌👌

[@zeeaccounting6348]

Well Done Sir. Please Keep it up. Thank You

[@mohitblogs738]

Sir wo jo aupna new provision likha hai na profit and loss a/c me usma aupna ( - ) likhkar ( + ) kar diya hai to wo ( + ) hoga ya fir ( - ) hoga

[@aryasingh8176]

Thanku so much sir 😊😊

[@mahabubmdmamun4096]

@Nitin Sir, Adjust no 4 unearned. 7. Interest on capital, And 8. Interest on withdraw. (

[@habibafunnyvideos8925]

Amazing sir😃😃

[@bipinkumaryadav2731]

Very helpful video

[@rishisharma1383]

The new provision is added in loss but the -ve sign is used. This was bit confusing but it is understandable that we have to add a new provision in loss - So as per the question, the Balance sheet balance is 64800, the Net loss =21000=8000=7200=36200, Hence 64800+36200=100000 = Total Debtors.

[@rishisharma1383]

i mean 21000+8000+7200=36200

[@SharafatKhan-lt2zf]

Amazing video u made

[@arshisonu1928]

Thank you so much sir

[@mohitmaddu4851]

Thanks master 🙏

[@mdzeeshan6247]

Good Job

[@nitingoel]

Keep learning and keep sharing to promote the channel grow fast 👍✌😊

[@samirkarmakar9794]

Please explain ones more the provision for doubtful debts in P&L A/C

[@imranaKausar-sx5ct]

Nice sir 👍

[@vivekthorat2814]

Sir im your new subscriber it was very helpfull to me😊😊 Could u plz make a video on partnership final acc 🙏🙏🙏

[@twinkletrivedi1395]

Thankx a lot sir ....

[@rutu199]

Thank u sir, Really helpful😊

[@vanshusharma2191]

Excellent sir

[@muskankakkar581]

Sir thankyou so much for this help. Can you please make a video on government grant IAS20 please 🥺 it will be helpful. There is not video related to this. I am an Indian but I am now in European country education is little different that's why I can't understand that topic. Please make a video on international accounting standard 20 government grant if you can

[@dinkardivedi1525]

Thank you so much Sir for knowledge

[@fatimagull8495]

Sir, apny adjustment bht achy sy btaii ... But apny provision for debtors ki adjustment explain krdii what about creditors.... Can you explain it??

[@rashmitewari7759]

Why we subtracted provision of old debts and new debts in P&L a/c...because that is also our debt and should be added with the above debt? Please explain

[@tirthashakya167]

Sir why provision of doubtful debt is kept in credit balance in trial balance and kept in debit side of profit and loss account

[@sonubhavsar615]

Thank you sir

[@studyismagic]

Love you sir

[@sarahrahman1191]

Sir will you please prepare a video for cash flow explaining all 3 activities with examples and illustration too

[@zaheeralam8357]

Thank u

[@shivamsanwal5950]

Sir machinery trading aaygi or uska depreciation substrat balance sheet ke sath sath trading m bhi hoga

[@kapilarora469]

very simplified way i like it

[@nitingoel]

Thanks Dear. Keep learning and keep sharing to promote the channel grow fast 👍✌😊

[@jabinavisvakarma]

Sir why do we add money used for erection of machinery in the assets

[@singersonuyadavsonaofficia2244]

Tq so much sir

[@monicamonica9011]

How to make a close entry, please make a video, ...Thanks

[@prashanthkumar97]

Thanks a lot sir

[@wildvulture1464]

You are OSM sir ji. My AAO exam is to be conducted soon. Can you please make a video on below mentioned topics i.e. syllabus of AAO exam. Preparation of Trial Balance Preparation and analysis of P&L Account Preparation and analysis of Balance Sheet Provision for Bad debts/ Depreciation/ Reserves/ Provisions Bank reconciliation statement Receipts & Payments Account Income & Expenditure Account Single Entry Correction of Errors. I will be thankful forever to you.

[@nanditabapari7559]

sir ji investment on govt securities ko assets ke sath aur kisme entry kare

[@Mr.Dharmendra-Kumar-Bihari]

Helpful video sir tq 🙏🏿🙏🏿

[@ayusmansamal6657]

Sir question is why closing stock not taken on trialbalance

[@nitingoel]

Closing stick hi hota hai last year ka jo trial balance meo hota hai. Uski current value bahar hoti hai

[@nikitachalotra6519]

Respected sir We have added the new provision becoz it our loss. We have subtracted the old why Plz explain

[@nitingoel]

Old is to Cover the loss.

[@archanakansha9631]

Sir agr ye adjustment ho tho kya effect hoga 1)Error in bank column of payment side of cash book whereby the column wa under cast by 500 $ 2) And omitted to post interest on loan by 450 $

[@sandeepdhiwar4799]

Sir ji...doubtful debts dr.and cr.dono trf kis conditions me aata h...?

[@abhishekparab133]

Sir y u minus prov from pl prov is expcecec for company didn't get plz explain

[@shilpinigam2637]

You have mentioned new provision should be less from bad debts in p&l but at last you are showing as add... So what actually we should take as correct

[@lakshaynagpal23]

Loan to ram @10% (1sep, 2004)/(Debit balance given) book are closing in dec, what to do?

[@sonamsharma4220]

Sir, why it should be added instead of subtracting???? Plz explain it too.

[@maazkhan6909]

Because one dr. With anoter dr. Add

[@hemantadas6412]

Sir agr trail balance meh bad debt 5000 ho aur further bad debt nhi Diya ho...aur adjustment meh priovision for double debt 10000 ho toh answer toh minus (-) meh niklaga na??

[@aprabisht9050]

everything thing is perfect but please write clearly which side is debit or credit ,may b u think it is understood but sometimes it is not !! please do mention

[@ruchiheera1579]

Hi Sir, Indeed the video was very much clear and it the double entry well explained however I have a question. In the text book the same is explained along with journal entry as well. Could you please give any example that how journal entry is made out of the same. Like for reference For closing stock double entry the journal is made like 1.Closing stock ac Dr. to Trading ac Cr. 2. Outstanding expenses it is Concerned expense a/c Dr to Outstanding ac Cr. 3. Prepaid expense Prepaid expense ac Dr to Concerned expense as cr.

[@amansoni5953]

In adjustment are closing stock is 2000 ( realiasable vaule 1500) Which vaule taken in trading a/c

[@habibafunnyvideos8925]

Sir agar trial balance me land and building...aur...Bank overdraft agaya tho kahan lena hai aur kyun lena hai

[@riyachaurasiya2165]

Sir aapne profit/loss A/c m new provision m minus ka sign lgya h but kia add h jisse 29000aaya to sir correct ky h (-) ya (+)