Amitbhai and Narendrabhai | Problem 1 |

Amitbhai and Narendrabhai | Practical Problem 1 | Pg.no.54 #partnershipfinalaccount #bookkeeping #class12accountancy


🎥 Check out this important video where I explain a sum that covers all types of adjustments and even rare trial balance items or ledger entries in detail! 📚 It might be a bit long ⏳, but don't worry! After watching it, you'll find final accounts easy-peasy! 💪 Make sure to follow the steps I demonstrate, as they'll help you become a pro. 🔍 Try using the same steps for other sums and feel free to ask me any doubts you have along the way! 🙌 Happy learning and let's conquer those accounts together! 🎉


Posting of Trial Balance (Very Important)
   • Partnership Final Account || Part 4 Postin...  

Goods related Adjustment
   • Partnership Final Account || Part 3 Goods ...  

Debtors related Adjustment
   • Adjustment Debtors | FURTHER BAD DEBTS | N...  

Hidden
5.1 Outstanding (month basis)
   • Rent (10 months) || Insurance (9months) ||...  

5.2 Outstanding (% Basis)
   • 10% Govt Bond || 10% Bank loan (w.e.f. 1/7...  

5.3 Prepaid (Years basis)
   • Advertisement (2 Years) | Hidden Adjustmen...  

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Adjustments Discussed 👇
1) Stock on hand on 31st March 2019 was valued at 43,000.
2) Uninsured Goods worth 8,000 were stolen.
3) Create R.D.D at 2% on Sundry debtors.
4) Mr. Patil, our customer become insolvent and could not pay his debts of 500.
5) Outstanding Expenses - Rent 800 and Salaries 300
6) Depreciate Factory Building by 2,500 and Furniture by 1,800


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