Final Accounts Lecture 2 | Trading Account Format, Items & Adjustments | Class 11 & 12/ CA

📘 Welcome to Lecture 2 of Final Accounts — in this class, we’ll cover one of the most important topics in Accounts: the Trading Account.
This lecture will help you understand how to calculate Gross Profit or Gross Loss for a business with proper format, examples, and adjustments.

🎯 Topics Covered in This Lecture:

Meaning and Purpose of Trading Account

Format of Trading Account (as per CBSE & ICAI guidelines)

Items on Debit and Credit Side

Direct Expenses & Direct Incomes Explained

Closing Stock Treatment in Trading Account

Adjustments related to Opening Stock, Purchases, and Wages

Practical Example with Full Solution

Shortcut Tricks to Remember Items


💡 What You’ll Learn:

How to prepare Trading Account step-by-step

How to identify direct items from Trial Balance

How to handle adjustments correctly


👨‍🏫 Perfect For:

Class 11 & 12 Students (CBSE / ICSE / HBSE / State Boards)

CA Foundation (ICAI) Aspirants

B.Com & BBA Students

All learners revising Final Accounts Basics


✨ By the end of this lecture, you’ll be confident in preparing a complete Trading Account and calculating Gross Profit or Loss accurately for exams and real-life examples.

📚 Previous Lecture (Lec–1): Final Accounts – Meaning, Objectives & Introduction
📚 Next Lecture (Lec–3): Profit & Loss Account – Format, Items & Adjustments

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