Final Accounts of Sole Proprietors

Ca Raja Natarajan, Chartered Accountant

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41 Videos (3h 29m)
    • Introduction to Final Accounts of Sole Proprietors

      3:40
    • Introduction to Final Accounts of Non Manufacturing Entities

      3:48
    • Income Statement and Position Statement

      2:29
    • Preparation of Final Accounts - fundamental aspects

      4:15
    • Inter-relationship between two statements

      1:49
    • Matching Principle

      5:22
    • Exceptions to Matching Principle

      0:52
    • Trading Account

      9:46
    • Trading Account Items

      8:37
    • Closing entries in Trading Account

      4:04
    • Trading Account Case Study 1

      3:18
    • Trading Account Closing Entries Case Study 2

      9:03
    • Profit and Loss Account

      4:26
    • Treatment of Specific items

      6:00
    • Closing entries related to Profit and Loss account

      2:50
    • Profit and Loss Account Case Study 2

      4:03
    • Adjustments in Final Accounts

      9:23
    • Provision for Doubtful Debts Case Study 4

      6:02
    • Other Adjustments in Final Accounts

      4:17
    • Abnormal Loss of Inventory by accident or fire

      3:22
    • Goods Sent on Approval Basis

      4:21
    • Goods used other than for Sale

      2:06
    • Accounting Entry for Sales Tax

      3:07
    • Commission based on Profit

      3:07
    • Preparation of Final Accounts - Case Study 5

      17:05
    • Arrangements of Assets and Liabilities

      6:05
    • Classifications of Assets and Liabilities

      3:50
    • Preparation of Balance Sheet - Case Study 6

      6:45
    • Preparation of Revised P&L and Balance Sheet - Case Study 7

      11:01
    • Determination of Outstanding Salaries and related adjustments

      8:47
    • Opening Entry and Case Study

      6:11
    • Provisions and Reserves

      3:16
    • Provisions and Reserves Case Study 8

      1:41
    • Final Accounts of Manufacturing Entities - Introduction

      3:19
    • Manufacturing Cost

      2:26
    • Direct Manufacturing Expenses

      1:56
    • Indirect Manufacturing Expenses

      2:10
    • By Products

      2:49
    • Structure of Manufacturing Account

      5:29
    • Manufacturing Account Case Study 8

      9:52
    • Manufacturing Account Case Study 9

      5:57

About This Class

In this course you will learn about Final Accounts of Sole Proprietors and it will be useful for you to prepare for University and Professional Exams.

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Ca Raja Natarajan

Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.  

I also hold

  1. Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
  2. Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.

During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in

a) Financial Analysis

b) Risk Assessment

c) Viability Study

d) Evaluating business models

e) Project Finance

f) Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like

a) Project Finance

b) Credit Risk Assessment

c) Entrepreneurship Development

d) Finance for Non Finance Executives

e) Burning Desire for Entrepreneurship

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.