Partnership Final Accounts | Revision | One Shot Video | Important Questions | Class 12

Timestamps: 00:00 – Sneak Peek 01:20 – Intro 01:30 – Introduction to Partnership final Accounts (PFA) 12:08 – Q.1 (Full Question Explained) 35:52 – Q.2 (Concepts of Bad Debts , Adj – Further Bad Debts) 39:08 – Q.3 (TB = Carriage Inward & Outward , Outstanding Wages , Adj – Closing Stock = Cost price vs Market price) 42:52 – Q.4 (TB = Carriage Prepaid rent , Adj = Commission due but not received o/s ) 46:40 – Q.5 (TB = Drawings , Return Inward & Outward , Adj = New R.D.D & Goods Destroyed by fire) 53:12 – Q.6 (TB = Salary & Wages , Wages & Salary , Adj – Goods taken for personal use) 56:29 – Q.7 (TB = Investment in Debentures , Old R.D.D , Adj – Audit fees o/s) 1:09:25 – Q.8 (TB = Interest on Investment , Bank Overdraft , Adj – Uninsured Goods Destroyed by fire , 7.5% Calculation trick ) 1:12:44 – Q.9 (Adj – Interest on partners) 1:17:28 – Q.13 (TB = Advertisement 2years = Hidden adjustment) 1:21:06 – Q.14 (TB = Rent Cr , Adj = Rent Received in Advance ) 1:23:16 – Q.17 (TB = Motive power , Mrs. Raja loan A/c , Adj = Motive power includes paid for deposit of power meter & Bill Payable Dishonoured) 1:32:45 – Q.15 (Adj = Repairs to Building is Debited to Building A/c) 1:36:09 – Q.21 (TB = Hidden Adj – 8% Bank loan Taken on 1.10.2011) 1:39:15 – Q.22 (Adj = Uninsured goods were stolen , Bill Receivable Dishonoured ) 1:44:25 – Q.19 (TB = Unproductive Wages , Concepts of Discount allowed , Adj = New RFDD – Reserve for Discount on Debtors) 1:50:50 – Q.23 (TB = Interest on Bank loan , 15% Bank loan 1.10.06 – Hidden Adj) 1:53:28 – Q.25 (TB = Machinery Additional on 1st July , Adj – Depreciation on machinery Calculation part) 1:56:13 – Q.28 (Adj – Electricity & Lighting includes deposit with Electricity Board) 1:59:39 – Q.29 (TB = Wages Productive & Unproductive , Adj = Insurance is paid for one year ending on 30th June) 2:01:23 – Q.30 (Adj = Interest on Drawings) 2:05:39 – Q.33 (TB = Office rent for 10 month - Hidden Adj) 2:08:03 – Q.32 (TB = Reserve Fund , 2 ½ calculation trick) 2:10:08 – Q.35 (Partner Current A/c , Partner Capital A/c , Net Profit Distribution = Decimal Calculation) 2:16:30 – Q.36 (Adj = Goods Distributed as free samples) 2:18:31 – Q.37 (TB = 10% Government bonds purchased on 1.1.2013 , Adj = Partner salary , Partner Commission , Amount from Customer is not recoverable) 2:24:35 – Q.39 (Adj = Postage Stamp & Stationery are unused , Leasehold Property is to be run for 10yrs w.e.f 1st oct , 2012) 2:30:27 – Q.40 (Adj = Printing & Stationery included paid for purchase of postal stamp) 2:32:16 – Q.41 (TB = Law charges , Work expenses , Trade Marks) 2:32:59 – Q.42 (Adj = Closing Stock was valued at Market Price which is above 15% above its cost price) 2:40:48 – Q.43 (Adj = Travelling expenses included personal travelling ) 2:44:09 – Q.45 (TB = Administration expenses , Adj = 1/8th of patent to be written off) 2:47:16 – Q.44 (12% Debentures , Adj – Interest on drawings , Profit Calculation , Sale include sale of machinery) 2:56:16 – Q.46 ( Adj = Accrued interest on investment) 2:58:23 - Q.47 (Adj = Provident Fund Adj) 3:03:07 – Q.48 (Concepts of Bad Debts Negative balance) 3:08:40 – Discussed the To Do List for this topic (Objective , Past year Paper Solving , Key Notes) For 12th BK Partnership Final Accounts Index:- Click here 👉 = https://drive.google.com/file/d/1WU-U... For 12th BK One Shot Series Video Link:- click here👉=    • 12th BK One Shot Series   For 12th BK Paper Solving Video Link:- click here👉 =    • 12th BK Paper Solving   For 12th BK Objectives Video Link:- click here👉=    • 12th BK Objectives   For 12th BK Important Objectives Video Link:- click here👉=   / @capiyushagrawal   For 12th BK Partnership Final Accounts Question & Solution Bank:- Click here 👉 = https://drive.google.com/file/d/1NP20... For 12th BK Key Notes on Posting and Adjustments PDF:- click here👉 = https://drive.google.com/file/d/12mJ_... For 12th BK Objectives Bank Link:- click here👉= https://drive.google.com/file/d/1-Ujy...