Accounting | Class 12

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    Chapter 1 Accounts From Incomplete Records ( 19 videos)  (Practice Test)

      1.1: Introduction to Single Entry System (Practice Test)
      Single Entry System
    1. Single Entry System
      1015 views
      2. Profit/ (Loss) Determination under Single Entry System
    2. Profit/ (Loss) Determination under Single Entry System
      547 views
      1.2: Statement of Affairs Method (Practice Test)
      Numerical 1: Statement of Affairs Method
    1. Numerical 1: Statement of Affairs Method
      1152 views
      2. Numerical 2: Statement of Affairs Method
    2. Numerical 2: Statement of Affairs Method
      154 views
      3. Numerical 3: Statement of Affairs Method
    3. Numerical 3: Statement of Affairs Method
      168 views
      4. More on Numerical 3: Statement of Affairs Method
    4. More on Numerical 3: Statement of Affairs Method
      138 views
      1.3: Conversion Method (Practice Test)
      Conversion Method
    1. Conversion Method
      176 views
      2. Steps Involve in Conversion Method
    2. Steps Involve in Conversion Method
      119 views
      3. Total Debtors Account and Total Creditors Account
    3. Total Debtors Account and Total Creditors Account
      8811 views
      4. Total Creditors Account
    4. Total Creditors Account
      3314 views
      5. Numerical 1: Conversion Method
    5. Numerical 1: Conversion Method
      136 views
      6. More on Numerical 1: Conversion Method
    6. More on Numerical 1: Conversion Method
      81 views
      7. More on Numerical 1: Conversion Method
    7. More on Numerical 1: Conversion Method
      82 views
      8. Margin and Mark-up
    8. Margin and Mark-up
      130 views
      9. Calculation of Missing Data using Mark-up Rate
    9. Calculation of Missing Data using Mark-up Rate
      59 views
      10. Calculation of Missing Data using Margin and Inventory Turnover
    10. Calculation of Missing Data using Margin and Inventory Turnover
      51 views
      11. Inventory lost in Fire or by Theft
    11. Inventory lost in Fire or by Theft
      51 views
      12. More on Inventory lost in Fire or by Theft
    12. More on Inventory lost in Fire or by Theft
      71 views
      13. More on Inventory lost in Fire or by Theft
    13. More on Inventory lost in Fire or by Theft
      51 views

    Chapter 2 Accounts of Non-Profit Making Organizations ( 16 videos)

      2.1: Introduction of Non-Profit Making Organizations
      Non-Profit Organizations
    1. Non-Profit Organizations
      189 views
      2. Accounts of Non-Profit Organizations
    2. Accounts of Non-Profit Organizations
      184 views
      3. Some Particular Terms of Non Profit Organisations
    3. Some Particular Terms of Non Profit Organisations
      137 views
      4. More on Some Particular Terms of Non Profit Organisations
    4. More on Some Particular Terms of Non Profit Organisations
      77 views
      2.2: Accounts of Non-Profit making Organization
      Receipt and Payment Account
    1. Receipt and Payment Account
      4560 views
      2. Example 1: Income and Expenditure Account
    2. Example 1: Income and Expenditure Account
      217 views
      3. Adjustment for Subscription
    3. Adjustment for Subscription
      83 views
      4. Example: Ascertain the amount of Subscription
    4. Example: Ascertain the amount of Subscription
      51 views
      5. Adjustment for Admission fee/ Entrance fee
    5. Adjustment for Admission fee/ Entrance fee
      34 views
      6. Example: Admission Fee
    6. Example: Admission Fee
      33 views
      7. Difference between Cash Book & Receipt and Payment Account
    7. Difference between Cash Book & Receipt and Payment Account
      728 views
      8. Problem: Receipt and Payment Account
    8. Problem: Receipt and Payment Account
      1925 views
      9. More on Problem: Receipt and Payment Account
    9. More on Problem: Receipt and Payment Account
      232 views
      10. Problem: Income & Expenditure Account
    10. Problem: Income & Expenditure Account
      1052 views
      11. Problem: Income & Expenditure Account
    11. Problem: Income & Expenditure Account
      338 views
      12. Problem: Statement of Financial Position (Balance Sheet)
    12. Problem: Statement of Financial Position (Balance Sheet)
      102 views

    Chapter 3 Consignment Accounts ( 17 videos)  (Practice Test)

      3.1: Introduction of Consignment Accounts (Practice Test)
      Consignment Accounts
    1. Consignment Accounts
      214 views
      2. Important Terms used in Consignment Accounts
    2. Important Terms used in Consignment Accounts
      146 views
      3. More on Important Terms used in Consignment Accounts
    3. More on Important Terms used in Consignment Accounts
      91 views
      3.2: Accounting Treatments (Practice Test)
      Journal Entries in the Books of Consignor
    1. Journal Entries in the Books of Consignor
      367 views
      2. More on Journal Entries in the Books of Consignor
    2. More on Journal Entries in the Books of Consignor
      109 views
      3. Ledger Accounts in the Books of Consignor
    3. Ledger Accounts in the Books of Consignor
      148 views
      4. Journal Entries in the Books of Consignee
    4. Journal Entries in the Books of Consignee
      233 views
      5. Ledger Accounts in the Books of Consignee
    5. Ledger Accounts in the Books of Consignee
      256 views
      3.3: Adjustments (Practice Test)
      Valuation of unsold Consignment Stock
    1. Valuation of unsold Consignment Stock
      529 views
      2. Example: Valuation of unsold Consignment Stock
    2. Example: Valuation of unsold Consignment Stock
      195 views
      3. Loss of Stock or Goods
    3. Loss of Stock or Goods
      40 views
      4. Abnormal Loss in Consignment
    4. Abnormal Loss in Consignment
      205 views
      5. Invoicing Goods Heigher than Cost
    5. Invoicing Goods Heigher than Cost
      40 views
      3.4: Problems (Practice Test)
      Problem 1: Consignment Account (Normal Loss)
    1. Problem 1: Consignment Account (Normal Loss)
      246 views
      2. More on Problem 1: Consignment Account (Normal Loss)
    2. More on Problem 1: Consignment Account (Normal Loss)
      91 views
      3. Problem 2: Consignment Account (Abnormal Loss)
    3. Problem 2: Consignment Account (Abnormal Loss)
      266 views
      4. More on Problem 2: Consignment Account (Normal Loss)
    4. More on Problem 2: Consignment Account (Normal Loss)
      42 views

    Chapter 4 Joint Stock Company ( 36 videos)  (Practice Test)

      4.1: Introduction to Company Accounts (Practice Test)
      Company and its kinds on the basis of Article of Association
    1. Company and its kinds on the basis of Article of Association
      475 views
      2. Kinds of Companies on the basis of Legal Form
    2. Kinds of Companies on the basis of Legal Form
      161 views
      3. Kinds of Companies on the basis of Composition
    3. Kinds of Companies on the basis of Composition
      251 views
      4. Characteristics of Joint Stock Company
    4. Characteristics of Joint Stock Company
      510 views
      5. More on Characteristics of Joint Stock Company
    5. More on Characteristics of Joint Stock Company
      67 views
      4.2: Important Legal Documents
      Memorandum, Articles of Association and Prospectus
    1. Memorandum, Articles of Association and Prospectus
      113 views
      4.3: Classes of Share Capital (Practice Test)
      Share Capital of a Company
    1. Share Capital of a Company
      114 views
      2. Categories of Share Capital
    2. Categories of Share Capital
      94 views
      3. More on Categories of Share Capital
    3. More on Categories of Share Capital
      51 views
      4.4: Issuance of Shares (Practice Test)
      Issuance of Shares
    1. Issuance of Shares
      117 views
      2. Accounting for Issuance of Shares
    2. Accounting for Issuance of Shares
      88 views
      3. Accounting for Issue of Shares in case of Over-Subscription
    3. Accounting for Issue of Shares in case of Over-Subscription
      86 views
      4. Accounting for Issue of Shares in case of Under-Subscription
    4. Accounting for Issue of Shares in case of Under-Subscription
      172 views
      5. Subsequent Issue of Shares
    5. Subsequent Issue of Shares
      62 views
      6. Issue of Shares at Premium
    6. Issue of Shares at Premium
      64 views
      7. Problem: Issue of Shares at Premium
    7. Problem: Issue of Shares at Premium
      82 views
      8. More on Problem: Issue of Shares at Premium
    8. More on Problem: Issue of Shares at Premium
      43 views
      9. Problem: Issue of Shares at Discount
    9. Problem: Issue of Shares at Discount
      98 views
      10. More on Problem: Issue of Shares at Discount
    10. More on Problem: Issue of Shares at Discount
      71 views
      11. Consideration for Issue of Shares
    11. Consideration for Issue of Shares
      67 views
      12. Consideration for Issue of Shares - Running Business
    12. Consideration for Issue of Shares - Running Business
      34 views
      4.5: Introduction of Debentures, Bonds and TFCs (Practice Test)
      Accounting for Debenture
    1. Accounting for Debenture
      85 views
      2. Kinds of Debentures
    2. Kinds of Debentures
      79 views
      4.6: Issuance of Debentures (Practice Test)
      Difference between Debenture holder and Shareholder
    1. Difference between Debenture holder and Shareholder
      1290 views
      2. Preference of Debenture Issue over Share Issue
    2. Preference of Debenture Issue over Share Issue
      80 views
      3. Problem 1: Debentures issued for Cash
    3. Problem 1: Debentures issued for Cash
      61 views
      4. More on Problem 1: Debentures issued for Cash
    4. More on Problem 1: Debentures issued for Cash
      52 views
      5. Problem 2: Debentures issued in Consideration other than Cash
    5. Problem 2: Debentures issued in Consideration other than Cash
      55 views
      6. More on Problem 2: Debentures issued in Consideration other than Cash
    6. More on Problem 2: Debentures issued in Consideration other than Cash
      61 views
      7. Issue of Debentures as Collateral Security
    7. Issue of Debentures as Collateral Security
      80 views
      4.7: Issuance and Redemption of Debentures (Practice Test)
      Redemption of Debentures
    1. Redemption of Debentures
      56 views
      2. Different Cases of Issuance and Redemption of Debentures
    2. Different Cases of Issuance and Redemption of Debentures
      68 views
      3. Issuance of Debentures at Premium, Redeemable at Par
    3. Issuance of Debentures at Premium, Redeemable at Par
      209 views
      4. Issuance of Debentures at Par, Redeemable at Premium
    4. Issuance of Debentures at Par, Redeemable at Premium
      506 views
      5. Issuance of Debentures at Discount and Redeemable at Premium
    5. Issuance of Debentures at Discount and Redeemable at Premium
      266 views
      6. More on Issuance of Debentures at Discount and Redeemable at Premium
    6. More on Issuance of Debentures at Discount and Redeemable at Premium
      479 views

    Chapter 5 Depreciation, Provisions and Reserves ( 21 videos)  (Practice Test)

      5.1: Acquisition of a Running business (Practice Test)
      Depreciation
    1. Depreciation
      250 views
      2. More on Depreciation
    2. More on Depreciation
      119 views
      5.2: Methods of Calculating Depreciation (Practice Test)
      Methods of Depreciation
    1. Methods of Depreciation
      166 views
      2. Problem 1: Machinery Account using Fixed Installment Method of Depreciation
    2. Problem 1: Machinery Account using Fixed Installment Method of Depreciation
      612 views
      3. Problem 2: Fixed Installment Method of Depreciation (Advance Level)
    3. Problem 2: Fixed Installment Method of Depreciation (Advance Level)
      314 views
      4. More on Problem 2: Fixed Installment Method of Depreciation (Advance Level)
    4. More on Problem 2: Fixed Installment Method of Depreciation (Advance Level)
      122 views
      5. More on Problem 2: Fixed Installment Method of Depreciation (Advance Level)
    5. More on Problem 2: Fixed Installment Method of Depreciation (Advance Level)
      208 views
      6. Reducing or Diminishing Balance Method of Depreciation
    6. Reducing or Diminishing Balance Method of Depreciation
      312 views
      7. Sum of Year's Digits Method
    7. Sum of Year's Digits Method
      85 views
      8. Problem 3: Sum of Year's Digits Method
    8. Problem 3: Sum of Year's Digits Method
      45 views
      9. Annuity Method of Depreciation
    9. Annuity Method of Depreciation
      1559 views
      10. Sinking Fund Method of Depreciation
    10. Sinking Fund Method of Depreciation
      7657 views
      11. Revaluation and Depletion Method of Depreciation
    11. Revaluation and Depletion Method of Depreciation
      690 views
      12. Machine hour Rate and Mileage method of Depreciation
    12. Machine hour Rate and Mileage method of Depreciation
      220 views
      5.3: Effects of Depreciation (Practice Test)
      Causes of Depreciation
    1. Causes of Depreciation
      200 views
      2. External Causes of Depreciation
    2. External Causes of Depreciation
      54 views
      3. Accounting Entries for Depreciation
    3. Accounting Entries for Depreciation
      1424 views
      5.4: Reserve and Provision (Practice Test)
      Reserve
    1. Reserve
      45 views
      2. Provision
    2. Provision
      47 views
      3. Distinction between Provision and Reserve
    3. Distinction between Provision and Reserve
      114 views
      4. Distinction between Provision and Reserve-II
    4. Distinction between Provision and Reserve-II
      381 views

    Chapter 6 Sole Proprietorship and Partnership ( 22 videos)

      6.1: Proprietorship
      Proprietorship and its Accounting Treatment
    1. Proprietorship and its Accounting Treatment
      72 views
      2. Comparison between Proprietorship and Partnership
    2. Comparison between Proprietorship and Partnership
      820 views
      6.2: Partnership
      Partnership and its kinds
    1. Partnership and its kinds
      62 views
      6.3: Distribution of Profit and Loss
      Partnership Agreement
    1. Partnership Agreement
      96 views
      2. Clauses under Partnership Agreement
    2. Clauses under Partnership Agreement
      43 views
      3. More on Clauses under Partnership Agreement
    3. More on Clauses under Partnership Agreement
      24 views
      4. Partnership Rules in the Absence of an Agreement
    4. Partnership Rules in the Absence of an Agreement
      37 views
      5. Entries for Disribution of Profit
    5. Entries for Disribution of Profit
      54 views
      6. Profit and Loss Appropriation Account
    6. Profit and Loss Appropriation Account
      131 views
      7. Interest on Capital and Drawings
    7. Interest on Capital and Drawings
      37 views
      8. More on Interest on Capital and Drawings
    8. More on Interest on Capital and Drawings
      27 views
      9. Fixed and Fluctuating Capital
    9. Fixed and Fluctuating Capital
      95 views
      10. More on Fixed and Fluctuating Capital
    10. More on Fixed and Fluctuating Capital
      41 views
      11. Change in Profit sharing ratio
    11. Change in Profit sharing ratio
      29 views
      12. Average Profit Method of Goodwill
    12. Average Profit Method of Goodwill
      37 views
      13. Super Profit Method of Goodwill
    13. Super Profit Method of Goodwill
      24 views
      14. Capitalization Method of Goodwill
    14. Capitalization Method of Goodwill
      46 views
      6.4: Problems
      Partnership Accounts - Numerical 1
    1. Partnership Accounts - Numerical 1
      84 views
      2. Partnership Accounts - More on Numerical 1
    2. Partnership Accounts - More on Numerical 1
      47 views
      3. Numerical 2: Profit/Loss Distribution under Partnership
    3. Numerical 2: Profit/Loss Distribution under Partnership
      57 views
      4. More on Numerical 2: Profit/Loss Distribution under Partnership
    4. More on Numerical 2: Profit/Loss Distribution under Partnership
      38 views
      5. More on Numerical 2: Profit/Loss Distribution under Partnership
    5. More on Numerical 2: Profit/Loss Distribution under Partnership
      33 views

    Chapter 7 Partnership Accounts-Admission of a Partner ( 15 videos)

      7.1: Admission of a Partner
      Admission of a New Partner
    1. Admission of a New Partner
      133 views
      2. Calculation of Sacrifice Ratio
    2. Calculation of Sacrifice Ratio
      113 views
      3. Example: Calculation of Gain or Sacrifice Ratio of old Partners
    3. Example: Calculation of Gain or Sacrifice Ratio of old Partners
      76 views
      4. Revaluation of Assets & Liabilities
    4. Revaluation of Assets & Liabilities
      430 views
      5. Goodwill on Admission: When Goodwill Account does not Exist
    5. Goodwill on Admission: When Goodwill Account does not Exist
      58 views
      6. Premium Method for the Treatment of Goodwill
    6. Premium Method for the Treatment of Goodwill
      295 views
      7. Revaluation and Memorandum Revaluation Method
    7. Revaluation and Memorandum Revaluation Method
      135 views
      8. Goodwill on Admission: Where Goodwill Account already Exists
    8. Goodwill on Admission: Where Goodwill Account already Exists
      45 views
      9. Adjustment regarding Capital
    9. Adjustment regarding Capital
      32 views
      10. Treatment of Reserves on Admission of a New Partner
    10. Treatment of Reserves on Admission of a New Partner
      30 views
      7.2: Problems
      Numerical 3: Journal Entries for Revaluation of Assets
    1. Numerical 3: Journal Entries for Revaluation of Assets
      488 views
      2. Numerical 4: Partnership-Admission of a Partner
    2. Numerical 4: Partnership-Admission of a Partner
      50 views
      3. More on Numerical 4: Partnership-Admission of a Partner
    3. More on Numerical 4: Partnership-Admission of a Partner
      41 views
      4. Numerical 5: Partnership-Revaluation Account on admission of a New Partner
    4. Numerical 5: Partnership-Revaluation Account on admission of a New Partner
      55 views
      5. Numerical 6: Partnership-Balance Sheet on admission of a New Partner
    5. Numerical 6: Partnership-Balance Sheet on admission of a New Partner
      60 views

    Chapter 8 Partnership Accounts Retirement and Death ( 7 videos)

      8.1: Retirement of Partners
      Retirement of a Partner
    1. Retirement of a Partner
      87 views
      2. Treatment of Goodwill on Retirement
    2. Treatment of Goodwill on Retirement
      55 views
      3. Payment to the Retiring Partner
    3. Payment to the Retiring Partner
      94 views
      8.2: Death of Partners
      Example: Deceased's Share of Goodwill and Gaining Ratio
    1. Example: Deceased's Share of Goodwill and Gaining Ratio
      27 views
      2. Joint Life Policy
    2. Joint Life Policy
      71 views
      8.3: Problems
      Numerical: Partnership-Journal Entries on death of a Partner
    1. Numerical: Partnership-Journal Entries on death of a Partner
      58 views
      2. More on Numerical: Partnership-Journal Entries on death of a Partner
    2. More on Numerical: Partnership-Journal Entries on death of a Partner
      27 views

    Chapter 9 Partnership Accounts Dissolution of the Firm ( 14 videos)

      9.1: Dissolution of Partnership
      Dissolution of Partnership and Partnership Firm
    1. Dissolution of Partnership and Partnership Firm
      64 views
      2. Accounting Treatment: Dissolution of Partnership Firm
    2. Accounting Treatment: Dissolution of Partnership Firm
      57 views
      3. Modes of Dissolution of a Firm
    3. Modes of Dissolution of a Firm
      879 views
      4. Dissolution of Partnership Firm by Court of Law
    4. Dissolution of Partnership Firm by Court of Law
      525 views
      5. Settlement of Accounts on Dissolution
    5. Settlement of Accounts on Dissolution
      384 views
      6. Realisation Account
    6. Realisation Account
      1366 views
      7. More on Realisation Account
    7. More on Realisation Account
      45 views
      8. Treatment of Realisation Expenses
    8. Treatment of Realisation Expenses
      200 views
      9. Garner vs Murray Rule
    9. Garner vs Murray Rule
      1693 views
      10. Dissolution of the Firm-When all partners are Insolvent
    10. Dissolution of the Firm-When all partners are Insolvent
      121 views
      11. Closing of Books in case Partners are Insolvent
    11. Closing of Books in case Partners are Insolvent
      74 views
      9.2: Problems
      Numerical: Dissolution of the Firm
    1. Numerical: Dissolution of the Firm
      42 views
      2. Numerical: Accounts to close the Books (Realisation & Cash Accont)
    2. Numerical: Accounts to close the Books (Realisation & Cash Accont)
      35 views
      3. Numerical: Accounts to close the Books (Capital Accont)
    3. Numerical: Accounts to close the Books (Capital Accont)
      22 views