Category Archives: Financial Accounting

Accounting Payables

Treatment of A.E.

In above video, you will learn to treat accounting errors. You can study related text at here and here . .

Commission to Manager on NP

Manager can get commission on net profit before charging such commission or after charging such commission. Before charging such commission way is simple because you can easily calculate commission on the net profit before deducting such commission. In after charging such commission, we have to .

Adjustment of PFBD

PGBD means provision for bad debt. Its adjustment means to adjust its amount in profit and loss account and balance sheet. Actually, we first make the provision for bad debt account. On this account basis, we calculate the amount which goes to profit and loss account and which goes to balance sheet. .

Accounting Vs Economics

We get knowledge both accounting and economics. One debate always goes on, "which is better accounting or economics?" Which field should students choose? A student can become accountant or chartered accountant after getting the degree of accounting or CA or CPA. Read this content complete at here. .

Provision for Depreciation A/C

In this video, you will learn provision for depreciation basic. Provision for depreciation is made for showing historical and original value of assets in the balance sheet. We keep whole depreciation in one account and this account is called provision for depreciation account. When any asset is sold, .

Provision for Depreciation – Video Tutorial

In this video, you will learn provision for depreciation basic. Provision for depreciation is made for showing historical and original value of assets in the balance sheet. We keep whole depreciation in one account and this account is called provision for depreciation account. When any asset is sold, .

Provision for Bad Debt Account – Video Tutorial

In this video tutorial, we will teach you to make provision for bad debts account. It is very easy. We show its opening balance in its credit side. We show all total bad debt in its debit side which is taken from trial balance and outside adjustments. After this, we calculate new provision for bad .

Accounting Equation

This video is in hindi language for explaining the meaning of accounting equation. If you to understand it in english, we have its text version. Please it at here. .

Journal Entries of BOE – 2

BOE means bill of exchange. These are the bills receivables. Amount which have been mentioned in these bill will be payable by debtors. So, its record is must. We can record it by passing the journal entries. You can see above video tutorial for this. .