Hello, we are back again.
What have we got today?
We have got some ledgers.
All ledgers were not completed in the last class.
Some ledgers were completed.
Not just one, only one ledger was completed.
Not just one.
So, what we have to do today?
Look at the list, big brother.
Big brother, look at the list.
Cash account is also done.
Purchase, sale, capital, furniture,
Harsh Limited, Rehan Trader, this, this, this, this, this,
this, this.
Sir, I am sweating.
Sir, I am telling the truth.
Sir, the temperature is above 24 degrees.
Still, I am sweating.
Sir, what to do?
How to make so many ledgers?
I am sweating.
Shall I give you a handkerchief?
Take the handkerchief.
I am also sweating.
I am also sweating seeing you.
How will I teach such serious people?
How will I teach those who are already scared?
I am also sweating.
You are also sweating.
What to learn in this, friends?
Now, we have to work hard.
We have learnt what we had to learn.
Everything that has to be learnt has been done already.
Now, it's time to furnish that only.
Now, we have to furnish it.
We have to polish it.
That's it.
Look, brother, look.
Now, I can show you the shoes from below.
We have to polish it.
It will be very odd in the class.
So, we have bought the shoes.
We have to polish and shine them.
We have understood the concept.
We have to polish and shine it.
And nothing else.
We have to polish and shine it.
This is the target.
Ultimate target.
Are you ready?
Ready, sir.
Ready.
Good.
Let's go.
What were the rules?
Sir, these were the rules to close.
What were the rules to make?
Look at the entry.
If the account is debiting in the entry, write the amount
on the debit side.
If the account is getting credited in the entry, write the
amount on the credit side.
And write the name.
Which is written with it in the general entry.
Like with cash, to capital, to sale, everything was written.
So, I wrote this name and credited the debit.
You have to apply the same thing here.
You have to apply the same thing on the remaining ledgers.
There will be no new rule.
This is the most important thing about accounts.
If Luka Paisioli, who is the father of accounting, ever
comes in your dreams, then join hands and thank him.
And tell him that you have made such a technique, which
once you learn, it will remain in your heart and mind
forever.
Thank you very much.
Rhyming is done.
You have made such a technique, which will remain in the
heart and mind forever.
Wow, very good.
Sir, you can also become a poet.
For now, let it be in accounting.
Let's see.
So much money will be collected from accounting, that there
is no need to earn.
Then we will also try poetry.
What is the problem?
Okay, sir.
Okay.
Let's go, let's go, let's go, let's go.
Once you understand, you will do it again and again.
Practice.
Now the second ledger is coming.
Purchase account.
Sir, tell me one last thing.
Sir, before moving ahead, please, my stomach is hurting.
One more thing, sir.
One more thing.
I said, which one?
Ask quickly.
Sir, the rules and steps of closing the account, you have
written, 1, 2, 4, 5.
Total 5 steps, which you have written, sir.
Sir, do they also remain the same in every account?
Are there rules for closing every account?
Hmm.
Are there rules for closing?
This is the ultimate crux.
Sir, now it's fun.
Now you have accepted Luka Paiseology, that yes, he has
made something, something powerful.
Children, he has done you a favor.
He has done you a great favor.
Such a technique, learn it once and use it again and again.
There is no amendment, nothing.
Nor is he a cheater like income tax, that read for a year,
next year, forget the previous one, now read a new one.
Then read a new one, then next year, forget again, read a
new one again.
This income tax is not like GST.
Learn this technique once, it is good.
Although, I don't want to say anything from here, that
income tax and GST are useless.
Brother, income tax and GST are great.
It is a very important thing.
It is one of the typical things to learn.
Salute to those who teach them, and salute to those who
read them.
Okay? I am not saying anything by making such a comparison.
Okay? I was just praising my accounts.
It's just that,
I have to give some disclosures in between.
In case someone gets offended, that's it.
Nothing else.
Okay, sir.
We have talked a lot.
Now start.
I said,
Let's start now.
Number 2.
The second lecture will be about Purchase Account.
Debit, Credit,
Date,
Particulars,
Amount,
and again, once again,
Date, Particulars,
Amount.
My goodness.
Format is exactly the same.
Dicto rule is also exactly the same.
Closing is also exactly the same.
Why are you afraid?
When you and I are together.
Although,
Next point.
Now, come to the entries.
Look into the entries.
Look, Look, Look, Is there any purchase in the first entry?
No, sir.
There is cash debit in the first entry.
And capital credit.
There is nothing, sir.
We looked everywhere.
There is nothing, sir.
Cash to capital.
Right.
Okay.
2nd entry.
Is there a purchase?
Are you hiding in the second entry?
No.
Is there a purchase?
No Is there a purchase in the second entry also?
My goodness.
Where will you find the purchase?
Did you get the purchase account in the first entry?
What is going on?
Debit.
From how much money?
From 50,000.
So we will write debit side in the purchase account
How much? 50,000 Rupees
And dear children tell me
What name will you give it?
Sir, the name written below the purchase
To cash
We will give that name and go
To cash account 50,000 Rupees
We will write debit side in the purchase account
I said very very good
Where is your back?
Let me pat your back
Turn around
Pat your back
Very good
Very very good
I patted your back
Good
Come if you want
In the purchase account
Write Debit side
To What? Cash account
To Cash account
And this incident
Which date did this beautiful incident happen?
Sharji 5th April 2022
So write here in the date 5th April 2022
Sir, it is exactly the same
I said yes yes yes
It is exactly the same
Look ahead
Nothing will happen
Will not change
Not at all
This is very honest
Honest Absolutely Accounting Like mother Sita
Honest and pure
Once who has it
Forever He got it
Okay okay okay
In the next entry
Sir, purchase account
Debit is happening 41,000 Rupees
From 41,000 Rupees
So sir in the purchase account
Write debit side 41,000 Rupees
I said right
Come on
In the purchase account
Write debit side 41 But I will write
Not you
I will write
Not you
Sir, should we not even write 50,000?
Write this 50
I am not refusing for this 50
Now what I am saying for 41
Don't write that 41
I will write 41 first
Then when I tell you
Now you can write
Then you write
Sir, what is the problem?
Here I wrote
Take 41
Wrote Sir, this should have happened
What is there to say in this?
That purchase account
Debit was happening
From 41
So you should write
Debit side in the purchase account 41 You have not done any
new work
Okay One mistake will happen
Sir, which one?
See see see
Friends What should I write
Before that 41
Sir, what is written
With the purchase
In the entry
We write that
What is written
With the purchase
Two Rehan traders
And two Kavita traders
Friends Two names are written
Two names
Have you seen the movie
Kopi Kishan
Those who have seen
They understood
I am not saying anything further
Okay Two names are written
Rehan traders
And Kavita traders
Two names are there
So brother
If one is 25 and one is 16
If they are different
Then you cannot write 41 together
You have to write 25 different and 16000
Different Different I am trying to explain
You this small thing
I am trying to explain
You this small thing
I am trying to explain
You this small thing
I am trying to explain
You this small thing
I am trying to explain
You this solution
I am trying to explain
You this solution
I am trying to explain
You this solution
I am trying to explain
You this solution
I am trying to explain
You this solution
I am trying to explain
You this solution
I am trying to explain
Conf Marchegiani
Conf Hydrathe
Kavita Traders. Cool. To Rehan Traders. To Kavita Traders
account.
Can we write now, sir? Hmm. Now you can write, dear
children. You can write now.
Oh, sir, I remembered the song. Right now, now, now, now,
now.
Right now, now, now, now, now, now, now.
date.
Good.
Cool.
I wrote it sir, I wrote it. Good, good, good.
After that...
Sir, I see two purchase returns on 10th April.
Sir, should I write it?
Purchase is different, my dear.
Buying and returning purchased items is different, my dear.
We will make separate account for purchase return.
Why are you worrying?
Look at this list.
Look at this.
The name of the purchase return is written separately.
Where is it?
It has become a big blunder.
The name of the purchase return is not written.
Shit, my God.
We have to make a purchase return account.
Okay, okay, okay.
Okay.
Let's go.
It was not written in the list.
It was left.
Okay, no problem, sir.
We will write it now.
Good, good, good.
Search for the purchase again.
Not here.
Purchase is hidden.
Why are you worrying?
Here it is.
On 20th April, the purchase account is being credited.
How much?
Rs.44000.
So what we will do?
We will credit the purchase account with Rs.44000.
And dear children, tell me.
What name will you give?
Sir, what is written with it?
By Drawings.
Good.
This is something.
Now you have become very powerful.
And purchase.
There is one more.
Purchase on 28th April.
Okay.
So let's do this much first.
Come to the credit side.
Write on 20th April.
By Drawings.
20th April, 2022.
See, 2023 has come.
The excuse to live together has come.
Stay safe.
I am crazy.
How much is the amount?
Rs.4000.
The purchased goods worth Rs.4000.
He took it to his house.
By Drawings.
He took it to his house.
By Drawings.
Okay, sir.
After that, purchase.
Sir, we are purchasing from Praveen Brothers.
We are purchasing something from Praveen Brothers.
When, brother?
Sir, sir, sir.
Here.
On 28th April.
The purchase account is being debited on 24th.
So, on 28th April, we will write 24 on the debit side of
the purchase account.
And we will give it a name.
To Praveen Brothers account.
Rs.24000 on 28th April.
28th April, 2022.
To Praveen Brothers.
To Praveen Brothers account.
Rs.24000.
24 hours.
Punjabi's battery is getting charged.
Write it, brother.
Write it quickly.
Quickly.
Okay, sir.
To Praveen Brothers account.
Rs.24000.
Although, I think, there is no purchase anywhere.
Let's check once.
It's not in the first entry.
It's not in the second.
It's not in the third.
Once.
After that, twice.
After that.
After that, three times.
After that, four times.
After that, five times.
Okay.
We have posted the same entry here.
Okay.
That's very much fine.
What do we have to do now?
We have to close the account, sir.
What else do we have to do?
What else do we have to distribute?
Now, we have to close this account.
What else do we have to do?
You know the rules of closing.
What is the first rule?
The first rule says,
Total the debit side.
And write it in the rough.
So, dear children, do it.
Now, the total of the debit side is
50 and 25.
75 and 16.
91 and 24.
96, 95.
1,15,000.
The total of the debit side is 1,15,000.
And now, do the credit side total.
The second step.
Sir, the credit side is worth doing the total.
There is only one figure of the credit side.
4,000.
Okay, okay.
You are absolutely right.
4,000.
You will deduct the small figure from the big figure.
If you deduct the small figure of 4,000 from the big figure
of 1,15,000, what will be left?
Sir, 1,11,000, triple 1, triple 0.
Triple 1 is also called Nelson.
That is, Nelson, triple 0.
This will be left.
Cool.
Which side will I write?
Sir.
Sir, the total of the debit side is 1,15,000.
And sir, the total of the credit side is 4,000.
So sir, if 4 out of 1,15,000 will go, then 1,11,000 will
come.
But sir, look.
You said that debit and credit are like plus and minus.
Okay.
So sir, if the debit mark is big, then if you deduct the
small figure from the big figure, then there will be a
minus, but there will be a mark, sir, which was with the
big figure.
That is, sir, the balance that will be left, 1,11,000, this
will be left of the debit, sir.
And sir, if 1,11,000 will be left of the debit, sir, then
it is simple, sir.
What is there to ask in that, sir?
We will write it on the debit side.
1,11,000.
No.
This is what you made a small mistake.
You have to write the debit balance on the credit side.
Although it is left of the debit, 1,11,000, but we will
write it on the credit side, 1,11,000.
What will happen with this?
This will become 1 and 1,11,000.
What will happen?
Both sides will be equal.
Here will also come 1,15,000.
And here will also come 1,15,000.
Presentable.
Your account has become.
Looking more beautiful.
Both the sides are tallied.
Very, very handsome.
Now you think for yourself.
If God had created you in such a way that one hand would
have been this big and the other hand would have been this
big.
Just this big.
So that's it.
So there would have been a mismatch.
Yes.
How would you have lived?
Are both our hands equal or not?
Yes, sir.
So why shouldn't both the sides of the account be equal?
Yes, sir.
Better presentation.
Okay? Okay, sir.
Sir, one thing is left.
You didn't make a titanic pose in this, sir.
T-shape.
Should I make it?
Now I will make it.
Sir, your titanic can sink.
Titanic is meant to sink anyway.
Sir, look at this.
It's just going round and round.
I said, wait, I'll fix it right now.
Give me a minute.
I'll straighten this line.
Action.
Change shape to line.
This is the line.
Straight.
Good.
And then, then, then, then, then, then, then, then.
A little line here too.
Let it be crooked.
If I straighten it, 24,000 will be cut a little.
Let it be crooked.
It's crooked, but it's mine.
1,11,000.
What name will we give to this, sir?
This poor guy is making a loud noise.
Give me some name, brother.
They left me like this.
We will call this,
Buy Balance CD.
Clothing balance is left.
We will write in the bracket,
B.F.
Sir, parents are watching.
What did you say?
They will say, whose class have you bought?
What is this?
Oh, brother, tell them.
Sir has told,
The full form of this B.F.
Is not best friend or boyfriend.
Its full form is,
Balancing Figure.
Now, sir, parents have heard.
They are at peace.
Good. Very, very good.
Last day, 30th April, 2022,
Clothing balance.
Okay, sir.
So this is also made,
Your account is ready.
Purchase account, 1,11,000.
Sir, Will it take this much time?
Now we will catch the speed.
What are you talking about?
One or two accounts have been practiced.
Slowly, slowly,
In detail,
Understanding things well.
Now it's time to catch the speed.
Now, the day has gone.
Now the time to fly high.
In the deepest of the sky.
Fine, sir.
Okay.
Let's make the remaining accounts.
Who should we install the next number for?
Sir, Cash is also done.
Purchase is also done.
Let's put the number of the sale,
Of the sale.
Okay, now if you want,
You can run ahead of him.
I told you in the beginning,
It's a slippery concept, hold my hand in the beginning
When I see an open field, I'll tell you
Go, run, dance, jump, play, do anything
Now the open field is here, if you want you can run ahead
of me
If you want you can stay with me, you shouldn't be left
behind
In my opinion, you shouldn't be left behind
Make a sale account, sale account
Sales account is here
It's important to be scared
It's a horror movie for kids
It was made by Ram Gopal Verma
How does it say?
Sandhya's ghost is here
Sales account is here
Sir, how many movies have you seen? Tell me correctly
Approximately, I've seen 70% of the movies that used to
come on TV
The ones that are interesting, the ones that haven't hit yet
Okay, sir
Sir, make a list for me
I'll also watch them
I don't understand half of the things
Which movie are you talking about?
I'll give you a list
You also watch those movies
Then watch the class after watching the movie
You will understand everything
Sir, please move this credit here
It's not looking good
I said you are right
Move the credit here
And the line of Titanic
I will move it earlier
Titanic, Titanic
I will move it earlier
Here comes your Jack
Put your hands on Jack
And next to him is Rose
Put your hands on Rose
Straightly Here it is
Jack and Rose
We have made the T shape of the account
Where is the sale account in the entries
Sale account
Now it's your turn
How does Goldberg say it in WWE
You're next
Say it with a sales account
Sales account, you're next
You are next, next is your turn
There is no sale account in the first one
There is no sale account in the second one
The anger is increasing
There is no sale account in the third one
There is no sale account in the fourth one
Where will we get it
Keep watching
You will get it
There is no sale account in the next one
Is it here
It's not here
It's here
We got it on 15th April
There is a credit in the sales account
So we will credit 15th April
In the sales account 40,000 Rupees 15th April 2022 Credit
in the sales account
How much 40,000 Rupees
What will you name it
By cash account
By Cash account 40,000 Rupees
After that
On 18th April
It was not coming
On 18th April 27,000 Rupees
On 18th April
We will credit 27,000
We will name it
Harsh limited account
In the sales account
On 18th April 2022 Credit 27,000
Name it
Harsh limited account
Yes sir
Ok After that
On 20th April
There is no sale
On 20th April
There is no sale
On 21st April
There is no sale
On 22nd April
There is a cash sale of 12,000
On 25th April
There is a cash sale of 12,000
On 25th April 2022 There is a cash sale of 12,000
What will you name it
By cash account
Sir, we have to follow a simple rule
As a shortcut
I asked which one
Didn't you forget this
Smart work comes after hard work
No sir, I didn't forget
I asked which one
Sir, look at this
Whenever a sale account is made
There is always a credit in the entry
Whenever we sell
We will write the same amount
In the credit side
I agreed
Tell me more
Sir, if there is a cash sale
We will write the name of the party
You are right
You are very smart
I want to clap for you
Very good
You are right
Whenever a sale account is made
Write the same amount in the credit side
If there is a cash sale, write the name of the party
This is the shortcut to make a sale account
Sir, if there is a sale shortcut, there must be a purchase
shortcut
How can it be left behind
You are right
There is a purchase shortcut
We don't know about the purchase
We will tell the purchase account
I found your shortcut
What is the shortcut of the purchase account
This is the shortcut of the purchase account
When you buy cash
You will write the debit side
Because there is always a purchase account in the entry
And when you buy a loan
You will write the debit side
But when you buy cash
You will give the name to cash
When you buy a loan
You will give the name of the party
But sir
What is this credit side by drawings
That is an exceptional case
If the purchased goods are going somewhere
Then write the credit side
And the remaining balance will come here
The remaining balance will come here
What will be the debit side in the purchase account
As much as you have purchased
Cash to cash, loan to loan
With the name of the party
And the credit side
The purchased goods that have gone from us
And instead of that, there is a drawing or something else
And the balance will come
So sir, in this way, the debit side can also come in the
sales account
Yes, if the purchased goods
We have to reverse something
But for that, we make a sale return account
So don't worry
For now, nothing will come in our sale account
Short cut, remember this much
Whenever you do a purchase
That money will go to the debit side
If it is cash, then in the name of cash or bank
If it is loan, then in the name of the party
And whenever you do a sale
That money will go to the credit side
Cash is in the name of cash, loan is in the name of the
party
Okay sir
Open Now friends
Put the balance of the sales account
Sir, the total of the credit side is 40 and 27, 67 and 12,
79 thousand
And sir, we are laughing
I said, why are you laughing
Sir, look at the debit side
The total is zero eggs
The total of the debit side is zero eggs
Friends, wrong thing
Don't laugh at anyone like this
I remembered the story of Osho
Should I tell you
You will say, sir, let's waste time
It's not a big deal, listen
It will be useful in life
There were so many children of a lady
What lady means
I should not say
So if any of them
If any of them ever made a mistake
So she used to say one thing to them
Don't cry by making a mistake
And one day
Because of their mischief
There were so many children, that woman started crying
So The middle girl came
And said, mom
Don't cry by making a mistake
That thing
Overpowered her again
Do you understand
So friends, what am I telling you from here
Never laugh at anyone
Otherwise the same thing can overpower you
Don't laugh
Don't laugh at the sale account
Okay Okay sir
Don't cry by making a mistake
She used to make them laugh
And that thing overpowered her again
Don't laugh
Where to laugh
Where the feelings of others are not hurt
Okay, so the account
What will hurt his feelings
Don't laugh at anyone in life
Okay done
This is the invaluable lesson you are learning today
Total 79 credit card
David side total 0
Big figure 79 79 79 Small side 79 79 79 79 79 79 79 79 79
79 79 The sales account is ready
The sales account is ready
Next The sales account is ready
Say capital account like goldberg
Capital account, you're next
How to make a capital account
Formatting is the same
Same to same to same
When we will tell you the software
You don't know how many things will be useful
You would feel amazed
Whatever is done in the theory
All that is in the software
If you learn this, the software will come automatically
And if you don't learn this
Even if you press the button in the software
What will come?
Right? Yes
We will take care of this
We are learning well, we will learn well
Good, keep this up
Make a format for this
I make this in between whenever I can make one on one page
Date, particulars, amount
Credit Akshay Kumar
Say credit
Say capital account
Yes, say capital account sarak.
Capital account bhi thoda sa sarka diya.
Sir yeh kaunsi tone hai?
Beta yeh Titanic ki tone hai.
Is baar mene seeda nahi bola, is baar mene tone mein bola.
Yeh lo.
Theek hai ji.
Seeda kar diya.
Capital account, you're next.
Pehli entry, pehli entry, pehli entry mein capital account
ka ho raha hai.
Shubharam, Udghatan, pehli entry.
In this entry, capital account is being done with a credit
of 2 lakhs
And what is written with it? Cash account
So we will write credit side in capital account 2 lakhs
without any delay
And we will give it a name
Buy Cash Account
Yes What is the name and date? 1st April 22 1st April 22
First day
Pay Cash Account 2 lakhs in capital account thereafter
thereafter Here also there is no capital here also no
capital here also no capital here also no capital here also
here...
Nowhere is capital
There is capital one place
After that there was no capital
So what is the capital account?
This is a joke
Karan Arjun says in the movie
Bhabhi ji ghar par hai wala
Vibhuti Narayan Mishra
What a joke
Capital account
Kapital account tu account hai
What a joke
Just a joke
Credit side ka total kitna hai 2 lakh rupees
Debit side ka total 0 2 lakh minus 0 is 0 2 lakh minus 0 is
2 lakh 2 balance cd 2 balance cd 30th April 2022 Sir, this
is called
Slicing clothes with a sword
Where a needle is useful
A needle will be useful
What was the need to make such a big format
Now no problem
It's done
What happened
Sir, by chance
You are not going to give any paper
If you are going to give a paper
Then take an extra sheet
There is no problem of formatting in tele
That is a format
It works by posting the entry
It takes as much space as required
Do not worry at all
There is no problem in the software
Yes sir
Good Capital account finished
Next Hey Hey Stop it
Where will you take
Take your children to sheet 13
Capital account closed
Furniture account
Make a furniture account
Now see
Let's do this
Stop writing a particular amount
Again and again
Write a furniture account
Write a debit card
This amount will come in every account
But now stop writing
How many times
Repeatedly How long will you eat lentils
Right Sometimes tempering should be done
Sometimes other vegetables should be there
Malai kofta should be there
Shahi paneer should be there
Sir Will not be able to take class
You will pause the class
We are going to eat something
A little more
If you want, I will send
You wait
I will order
But stop in class
Done Let's move forward
Furniture account
Someone is being destroyed outside
DJ is playing
What does destruction mean?
You are smart
We understood
Yes Right Debit credit
Search in furniture account
Posting in furniture account
Not in the first
In the second entry
The name is written
To cash 20,000 rupees on April 3
April 3, 2022
To cash account
20,000 rupees
To cash account 20,000 rupees 20,000 to cash account
Yes sir
Very good
After that, furniture was not provided
Sir did not come after that
Furniture did not go after that
Can't see anywhere
Furniture Furniture Furniture
What is this? 20,000 total
Credit total 20,000 20,000 20,000 on credit side
By balance
Balancing figure
April 30, 2022
Total 20,000
20,000
Next Next Harsh limited account
Harsh limited account
Debit credit
Harsh limited
Harsh limited 10,000 10,000 10,000
10,000 1,000 1,000 and what 27000 is of sales so here we
write to sales account after that there after sir on 22nd
Harsh limited account credit is 9000 so in harsh limited
account will write credit side 9000 but friends this 9000
is made by combining two things you can see 9000 is made by
combining 8000, 850 and 150 so write both separately write
both separately ok sir ok write both separately in harsh
limited account write credit side 8000, 850 and 150 8000,
850 and 150 8000, 850 is by cash
150 is by discount allowed by discount allowed account
date is 22nd april 2022
22nd april 2022
balance it please balance it sir debit side total is 27000
and credit side total is 9000 so sir 27000 minus 9000 will
be 18000 small side is credit side so will write 18000 on
credit side 30th april 2022 by balance cd absolutely right
by balance cd balancing figure 18000 here also 27000 here
also 27000 harsh limited account you are also stuck next is
rehan traders account rehan traders account lets make
format of rehan traders lets make format of rehan traders
lets see once right right right cool done
rehan traders account right
not in first not in second not in third credit is 25000
credit on 8th rehan traders account with name which is in
debit by purchase dont say sir with rehan traders kavita
traders is also there both are in credit if rehan trader is
in credit then what to write what is written in debit with
rehan traders you have to see this yes sir got your point
and rehan traders next entry is also in debit 5000 so will
write 5000 on debit side with credit to purchase return
10th april to purchase return 5000
means purchase return
PR PR PR Love? I'm not saying love, you morons.
Let's go, sir.
To purchase written, 5000.
After that, where is it? Rehan trader, Rehan trader, Rehan
trader.
Here it is, sir.
On the 14th, there is a debit of 20,000.
But, but, but, but.
This 20,000 is made up of two credits.
19 and 1.
So, I'll have to write it separately.
19 and 1.
To cash and discount received.
Okay, sir. Write.
14th April, 2022.
To cash account, 19,000.
To discount received account, 1000.
25, 25.
Oh!
What have you done, sir?
You broke the rule.
Do you know why I broke the rule?
Friends, look at this.
We cleared the account of Rehan traders on the 14th.
Now, look ahead.
Is anything happening with Rehan traders?
Look ahead.
Somewhere, somewhere, somewhere.
Nothing is happening with Rehan traders, sir.
That's why, I already had an idea.
That the account of 25 has been cleared.
Look at this.
Now, learn to read the accounts.
Learn to read the accounts.
We bought goods for 25.
Returned it for 5.
How much balance is left?
How much balance of Rehan is left on our head?
Sir, 20,000.
They paid 20 out of 20.
And took a discount of 1.
So, the balance of 20,000 is also cleared.
The total of both sides is 25.
Sir, if there was any other transaction?
I am not saying no.
Let's post it.
I knew that there was no other transaction.
That's why I said, close both sides 25, 25.
And move ahead quickly.
That's why, that's why, that's why.
Okay, okay, okay, sir.
Got it, got it, got it, sir.
Cool, cool, cool, sir.
Okay, next, next, next.
Rehan Traders, you also get out.
Get out in your free time.
Kavita Traders is the next number.
Kavita Traders account.
Make Kavita Traders account.
Hmm, hmm, hmm, hmm, hmm, hmm.
No, no, no.
Here it is, sir.
On 8th April, the credit is 16,000.
And what is the debit with it?
Purchase.
So, we will write 16,000 on 8th April in the name of buy
purchase.
After that, Kavita.
Kavita.
Oh, the number will come on 21st, sir.
We have also cleared the account of 8,000.
How is it?
Sir, by giving 7,800 cash and taking a discount of 200.
Okay.
Sir, it seems that you have come from a special state.
You are doing great and great.
Hmm, I have come from a state.
I feel like this.
Dude, that sister-in-law keeps coming to the house.
In that, your favorite sister-in-law, Anguri ji.
She keeps talking like this.
So, now I see so much.
She is used to it.
My mouth started coming out.
Baba.
I will change this, sir.
Change it quickly.
People will get confused.
Okay, good.
Let's run today's class.
Okay, sir.
How much did we buy before Kavita Trader on 8th?
16,000.
We bought 16,000 on 8th.
So, write here.
16,000 on 8th April, 2022.
By Purchase Account.
Then what is happening?
After that.
On 21st, we have cleared the account of 8,000.
By giving 7,800.
And by getting a discount of 200.
After that, there is no entry in the name of Kavita.
Okay, sir.
So, on 21st.
From the loan of 16,000.
Clear the account of 8,000.
How? By paying 7,800 cash.
And by getting a discount of 200.
For the 7,800 cash that you will pay.
For that, you will write to Cash Account.
And for 200, you will write to Discount Received Account.
But tell me one thing.
Like the last account.
Should I close this too?
Both sides have 16,000.
No, sir.
It will not be closed like this.
Now, sir.
The total of the credit side is 16,000.
And the total of the debit side is 7,800.
200, 8,000 is coming.
So, sir.
16 minus 8.
8 is left.
We will write on the small debit side.
Now, sir.
You can write on both sides.
16,000.
I said.
Very, very good.
You made my heart happy.
Very, very good.
Absolutely right answer.
To Balance CD.
30th April, 2022.
Balancing Figure.
Very good.
Okay.
Done.
Means.
It was a loan of 16,000.
You calculated 8.
8 is still left.
Very good.
Kavita Traders is over.
Discount Received Account.
Next is Discount Received Account.
Discount Received Account.
Debit Credit.
Okay.
Discount Received.
Let's put you in place.
Let's put.
Tell.
Which date will you get first?
Which date will you get?
Tell.
I will meet you first.
14th April.
I will be credited with 1,000.
So, on 14th April.
In the name of Rehan Traders.
Credit 1,000 in me.
I said.
Okay.
I said.
Okay.
So, come on.
14th April.
2022.
Credit 1,000.
By Rehan Traders.
1,000.
After that.
Where will you find us?
Find it yourself.
Okay.
It's time to find yourself.
Okay.
Here it is.
On 21st.
200 Rupees.
In the name of Kavita Traders.
On 21st.
By Kavita Traders.
200 Rupees.
You will get a discount whenever you make a payment.
So, you will get this discount only with the received
payment entries.
After that.
This discount is allowed.
On 22nd.
Now, it is not available anywhere.
Okay.
So, credit side.
1,200.
On 30th.
2022.
In the name of 2 Balance CD.
2 Balance CD.
1200.
Balancing Figure.
Write it down, friends.
Quickly.
The discount received account is also terminated.
Yes, sir.
Done.
Cool.
Let's move ahead.
Purchase Return Account.
Next is.
Purchase Return Account.
Where is the Purchase Return entry?
It is not in the 3rd.
In the 4th.
In the 5th entry, there is a Purchase Return of 5000.
On 10th April.
Credit 5000 Rehan Traders.
10th April.
2022.
Buy Purchase Account.
5000.
Purchase Return.
After this.
Purchase Return.
It is not here.
Purchase Return.
It is not here.
That's it.
It will also be terminated quickly.
30th April.
Sir.
Closing Balance will always be written on the last date.
For example.
I have given you a one-month transaction.
So, Closing Balance will always be written on the last date
of that month.
Okay, sir.
If it is given for one year.
Then on the last date of the year.
Closing Balance.
Whatever period you are posting entries.
On the last day of that period.
Whether it is a month or a year.
5000.
Here too.
And here too.
5000.
Both ways.
Okay, sir.
Done.
Purchase Return.
We will create drawings account.
Drawings account.
Drawings account, when is it coming for the first time?
Here, on 20th April, it is debiting, so we will debit it in
Drawings account, 10,000 to Cash on 20th April.
Debit 10,000 to Cash account on 20th April, 2022.
20th April 2022 ok sir more more sir and after that here it
is 20th April 2022 to purchase this will also come 4000
rupees
20th April 2022 to purchase account
4000 rupees 4000 rupees
4000 means 4000 rupees
after that after that after that drawings drawings drawings
drawings drawings nowhere else so 10 and 4 14000 will come
here by balance cd on 30th
30th April 2022 by balance cd 14000 balancing figure and
total of both sides will be 14000 and 14000 14000 and 14000
14000 and 14000 14000 14000 14000 this is your drawings
account is complete your drawings account is over ok ok
kids let's fix some after drawings will come discount
allowed account discount allowed account discount discount
allowed account discount allowed discount allowed discount
discount allowed discount discount allowed discount
discount allowed discount allowed discount
discount discount discount allowed discount discount
allowed discount discount Do you remember?
Yes sir
To Harsh limited account
How much discount you will give? 150 To Harsh limited
account 150
See discount limited
Discount allowed is debiting 150 So we have written 150 on
debit side
But what is written in the credit
To Harsh limited
Don't say that with discount allowed
Cash is also written
What is written in credit with debit
See this
Anywhere else discount allowed?
Discount allowed
Anywhere else
Discount allowed only once 30 April 2022
Buy balance CD 150
Balancing figure
Here also 150
Discount allowed
You also go
Praveen Brothers account
Yes sir
Praveen Brothers
In the beginning
Praveen Brothers was born on 28th
By purchase 24000 On 28th
By purchase 24000
Praveen Brothers has no role
Ok Yes Nowhere else
This side also 24000 To balance CD
28 April 2022
24 And 24 24 Done Praveen Brothers Bye Bye
Don't say bye bye now
If you say bye bye now
Then you have bought 24000 loan from Praveen Brothers
You can say bye bye to Praveen Brothers
Accounting Don't say bye bye to Praveen Brothers
Now rent and salary are two accounts
Rent account
Salary account
Make both together
There is only one entry
Rent debit is 2000
Salary debit is 4000
To cash 30th Rent debit 2000 Entry To cash
Salary 4000 30th April 2022 To cash
No posting
Rent 2000
Salary 4000 30th April
By balance CD
By balance CD 2000 And here also 30th April 2022
By balance CD 4000
Here 2000
2000
4000 4000
Done Friends Congratulations Shake hands
How to shake hands
My hand is not entering
Where is it going from my screen
Shake hands
Very good
After so much hard work
Finally We made all the accounts
First you note
If something is left here
Pause and note
If something is left here
Pause and note
How many did we make 1 2 3 6 5 6 7 8 9 10 11 12 13 14
accounts 14 accounts 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Which one is left
How is 15 coming here
How did 15 come in total
Cash purchase
Sale capital furniture
Discount received
Purchase return
Drawings discount allowed
Cash account
We made 15
Cash account
We made 15
Good All accounts are made
This is called ledger
All accounts
Ledger L E D G E R
One single account is account
All the accounts
Prepared together in a book
Ledger Ledger
In the next class
We will try to read notes
Read notes
Read ledger
Read notes
And And And And And Journal, Ledger, Trial Balance, and
last Financial Statements i.e.
Trading P&L and Balance Sheet
You have learnt Journal and Ledger for this accounting cycle
Financial Statements, Trading P&L, Balance Sheet and Trial
Balance are remaining
We will discuss about Ledger and its benefits
Then we will discuss about how to proceed with Ledger for
Trial Balance
We will discuss about it in upcoming clips
Till then what is your duty?
You have only one duty
Today's class should be revised twice
I said classes by mixing class and revise
Revise twice
Why sir?
If Ledger is yours for life, then there is no loss in
revision twice
No sir, it is a very profitable deal
So just revise twice and make Ledger yours for life
Journal, Ledger, Trial Balance, Financial Statements
There are four stages of total accounting
It takes four stages to become an expert in accounting
One of the stages will be yours by revising twice
So why don't you do it?
There was nothing in the Journal
Trial Balance will be left
I am telling you not to do it twice
Revise it once
Trial Balance is so simple
So Accounts...
If we are doing so little hard work in each stage, then we
should do it and you will definitely trust me, so we will
meet in the next clip, till then thank you, bye bye, take
care, all the best friends.