Happy teachers day sir for helping to build my concepts in accountancy. God always give u happiness with healthy life

Sir how you are taking all of the doubts in my mind without asking, you are soooo good

@dattagshetti1151

3 жыл бұрын

U r right.

@cryptoexclamation.

3 жыл бұрын

Experience h bhai experience

@vikasjha476

3 жыл бұрын

Power of CA Degree bro....Lot of knowledge..Wid logic

@coverstory8140

3 жыл бұрын

He is CA CAs are always better

@rustam334

11 ай бұрын

​@@vikasjha476you are wrong. Not every CA is good teacher.

Sometimes i wonder, how did sir acquire such level of knowledge... You won't find these things even on Google and never have I found anything like this on textbooks either

Sir the way of your teaching style can transform a average student to brilliant. We love you sir ♥️♥️

@rajakumarverma09

3 жыл бұрын

Actually you are right....

You are great sir ..❤ Agar har teacher aapki tarah doubts ko clear kare .toh koi bhi students ko accounts se dar naa lage..

Just the concept and grip over the subject. Thanks for making all of us understand such minutely. I genuinely clapped after the video.❤ all due respect to sir. Thank you🙏

Thank uhh soo much sir for youtube classes 😊 Ur videos help many students

Excellent sir i really like your teaching methods and explanations

Happy teacher day sir 👨‍🏫👨‍🏫👨‍🏫👨‍🏫 You are the worldbest teacher of accounts

Thank you sir mujhe aap ki class se bhot jyada fayida hua h mujhe Jo bhi samj nhi aa rha hta to vo ab aa rha he thinks sir

Closing stock not shown in trial balance Because it is included in purchases . But in case of adjusted purchase closing stock is shown in trial balance as purchases not includes closing stock

@muneebkhan7465

24 күн бұрын

Good answer Ravishankerpandey ji. Thank you

Sir you are the best teacher of accounts 😇😇

Thank you sooo much sir for the great explanation!!👍

You are the worlds best teacher

Sir plz upload this type of concept building videos which can make us strong ,that we actually know what is accounts. Thanks for preciously teaching🙏

Sir ur way of teaching is soothing 💐

Hello sir, I am a student of class 12, Instead of joining any coaching classes i have purchased your courses at academy of accounts. Your courses at academy of accounts has changed the prospective of mine towards accounts Because of You sir Accounts now seems to be very interesting Your style and way of teaching is what that makes you a true accounts master Thanks a lot sir 🙏🙏🙏

@varundev5143

3 жыл бұрын

True

@anjanamohanan3207

3 жыл бұрын

Very true

@richasonwani6947

3 жыл бұрын

How much is the price of his online course...I have to take 12 boards next year...please help....and also let me know the how to buy it.

@staystudious7641

3 жыл бұрын

@@richasonwani6947 this is the link of his website-academyofaccounts.org/

@ashutoshgupta4978

3 жыл бұрын

@@richasonwani6947 See it's depends upon the time period and the course you are taking For more information please visit www.academyofaccounts.org

Happy CA Day sir, greetings and best wishes to you sir.

Ur explanation is very clear

Sir thanks ..ur video is so helpful for us...😊😊

Your videos have changed the entire account concept, from our videos we touch 11th and 12th.

Koti-koti Dhanyawad apka!!!

Sir very great teacher you are... Sir please upload the video on taxation......say deduction to tax liability of individual. And concept of TDS and ADVANCED TAX. Sir please I request you it helps me and other people very much......😂🙏🙏hoping of response from your side.

Aoa. Sir....I m from Pakistan. ..u r amazing teacher ....I watch ur all vedios and complete ...very deep conceptual vedios....

@aminanawaz2485

3 жыл бұрын

Sir plzzz reply

Thankyou sir for such amazing videos

Thank you sir for clearing doubt........

This question appeared in my 11th accountancy final exam for 2 marks 🤦🏻‍♂️

Excellent concept & teaching style.. Sir

Thank you so much, Sir!

🙏 Great Explanation Sir 🙏

sir please check ur Mic there's lot of background disturbance. Very beautiful and insightful content sir!

gajab bhai sahab...phenomenal

Excellent explanation

Sir aap achi information dete h aap se inspire hokr Maine ek commerce channel start kiya h jo Acha chal rha h. So thank you so much sir. #commerceAdhhyan

Sir please make videos like these which are concepts based. These type of questions are even asked in interviews also.

Thank You So Much Sir You saved me ❤

Hats off to u sir 🙏🙏🙏🙏

Gajab sir mast samjhaya.

Thank you sir for your videos.

Thank you so much

Very much useful video sir❤

Thank you, sir. 😊 . .. ...

Thank you sir

Superb explanation sir:). Thank you

Thank you so much Sir 👊🏻❤

Thank you very much sir🙏

Bhout shaandar Sir ji

Super explaination

Legend is teaching

Thank you so much sir

In theory, it appears to be correct. However, in practice, it is more appropriate to debit Inventory Account on purchase. With every sale the COGS of good gets reduced from the stock resulting into the book value of closing stock, which then can be adjusted based on the valuation principles. This how automated inventory systems are generally integrated accounting system. Even if we follow the process of recording purchases directly by debiting the Purchases Account (Expenditure), with opening stock on hand, while we adjust the closing stock at the end of the year, it is more appropriate to adjust by debiting the Stock on hand (Current Asset) and Closing Stock (Income). On the other hand when opening stock and closing stock are not shown in the Profit & Loss Account, the closing stock entry would be Stock on hand (Asset) debit to Cost of goods sold (Expenditure) Some of the ERPs do accept the stock adjustment journals Stock Account (Current Asset) debit to Trading stock. But in principle Trading Account is a statement to transfer the balances rather than a ledger to pass the entry.

@abhinavpandey3022

2 жыл бұрын

How the COGS and Closing stock are shown on ERP when trading account is not prepared incase of schedule 3 Financial statement please explain in detail with journal entry

@Amjadkhan10

2 жыл бұрын

@@abhinavpandey3022 when trading account is not maintained, that is opening stock and closing stock is not shown separately rather there in only inventory account (this is stock on hand, before COGS adjustment, when all the purchases are directly debited to inventory account), the treatment is dependent on whether we are maintaining the inventory system or not: When the inventory system is maintained, with every sale of goods COGS is debited with cost of goods and inventory is credited with the same amount Where there is no inventory system but the stock adjustment needs to be done at the end of accounting period based on the stock taking, the difference between the stock on hand as per the books and stock as per the inventory verification for the period to be accounted as COGS. Even under this system we must have quantitative reconciliation of stock, the difference is generally abnormal loss of stock. The above information will hold good when the stock is in the nature of current inventory in terms of schedule III to Companies Act 2013.

Thanks a lot sir for this marks saving point📍

thank you so much sir👍👈

Being fan of the teacher 😍 Mahaguru of accounts

Pranam Jai Jinendra

Sir Your teaching is awesome. If my closing stock value 5000,but market price of value 4000,as per accounting concept we took 4000.because it will decided on basic of loss of sale product. But if we purchased same product it will profitable for me because that time cost will be 4000/-.then i will took rs. 4000/- or 5000/- as closing stock.

@PSPunnu

3 жыл бұрын

Offcourse 4000/- at which you have bought

Thankyou sir. Very informative video. 🙏

Good explanation

It does not show in tb because of periodic inventory accounting system because purchases are debited to purchase account and cost of goods sold out can be found based on closing stock count. While in perpetual inventory accounting system purchases are debited to inventory account and when there is a sales of such inventory, cos account debited and inventory account credited apart from sales entry and as result net inventory balance shows in tb. Please correct me if it is wrong.

Ji Sir good afternoon Nice session

In case of perpetual inventory stock in trade is mentioned at trial balance

just awesome

Nice!!!!!! Thank u sir. Pleez sir i have another query, as, how to create the journal of a cold storage firm providing controlled environment service for fruits/ vegetables without entering into sale and purchase of the item itself.

Sir pls upload more vedios of class 12th accounts..it will be very helpful in online era...its a humble request..😊🙏🙏🙏

Sir please make vedio class on how stock valued and considering in Raw material consumptions- RM, WIP, FG. Vauation(fir schedule)

Sir Because of maintained separate account of goods account. That's why we have generate closing account of closing stock?

Sir aap bhot acha pdate ho

Thankuhhh so much sir

Awesome 👌

Thankyou sir

Awesome explanation...

Actually I have some doubt with stock maintenance in my accounting software.

Sir great and super

Allah bless u always sir..u r a best teacher of commerce ever seen..lots of love❤️

Thank you for great lecture Plz take class in English. Much appreciated

Sir plzz make more such kind of videos 🙏

Very helpful video.

Nice Sir

Yes are so good. 🙏🙏🙏🙏🙏

Thank you so much sir ❤️❤️

Sir please make video on joint life policy

Awsome sir

Superb Sir

Sir ! Bills receivable is _______ Account .

Aap ka nazariya kuch alag hi hai. Lekin Acchha hai

Sir it's my humble request to you to start ca classes

Thank you Sir 🙏 #TotalCommercedrsumit

Sir but in case of cost of goods sold why do we always enter closing stock in trial balance..?? Pls reply sir

I am in CA FINAL but my concept also cleared today 🙏🙏🙏🙏

Sir please make a video on reduced syllabus of commerce

Tq Guruji 📚📚📚📚

sir but if we maintain our COGS Account then its easy to identify the closing balance which is difference of debit side or credit side. maintenance of stock register is some thing different i think sir which is maintain by store keeper to keep his inventory record. if we account for sales entry then its must to generate COGS entry to counter the sales entry and stocks. kindly elaborate sir.

Please also mention it's position in CoA

Sir you are really great you have explained it in an easy way unlike others teachers ye Waha jata hai to aesa entry hota ye Yaha hai to aesa entry

Sir please make video on cost vs expense if possible

If in question of trial balance , closing stock is given .So how we know that it is adjusted purchase or closing stock after final account??

Sir As per journal entries rule transaction means get and give concept. But in closing stock entry here above concept will not followed then what logic we made journal entries. Please make vedio about adjustment journal entries. Behind logic of adjustment journal entries rule

In whole India... U r no. 1..hatss off sir

Hello sir can you please tell me that how we can adjust the closing stock when gross profit is shown or closing stock is shown outside for calculate?

Your Concept Builder Series Is Awesome Sir... Plzz Kabhi yeh Series Band Mat Krna ❣️🙏🙏🙏🙏