#1 Final Accounts ~ Introduction and Basic Concepts
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Explained what is Final Accounts and what are its components… Further primary basic rules are also described…
Few important concept, reasons and necessary journal entries required for posting entries in Trading and Profit & Loss A/c is explained in other videos. Student can watch them by following the below mentioned links :
1. Final Accounts with Adjustments (Introduction) –
2. Final Accounts with Adjustments of Interest, Depreciation, Prepaid, Outstanding and Advance –
3. Concept of Prepaid vs. Unexpired AND Accrued vs. Outstanding –
Students can download relevant study material from the below mentioned link for better understanding of the concepts.