Sir, tell us what are you going to teach us today?
We are going to polish the chapter today.
The material is almost ready.
Now we have to polish it and make it shine.
So that whoever comes in front of us can see it and buy it
quickly.
If they say, they can see the examiner and give you the
number quickly.
We have to prepare for that.
We are going to do all the points in the exam today.
The problem is that you will still get 8 out of 10.
If I assume 10 marks on an average, then you will still get
8 marks if the question paper comes in front of you at this
time.
But do you know what happens?
Suppose there are 5 points in the question of 2 numbers.
You know 4 points very well.
One point happens somewhere that does not come and such
feelings are born in our mind.
Okay, 8 numbers are very good.
What is the problem? 8 out of 10 is enough.
There is no problem.
Let's go to the next question.
This chapter is done.
That's all there was in it.
That is wrong thinking.
10 out of 10 is the target for every question for every
chapter.
Then we will get more than 60, 70, 75 marks.
When we keep this thought then
And accounts help us a lot in other subjects too.
It becomes very important to score in accounts.
If our score is low in accounts, we do not get such marks
in law theory.
If you do not talk about math, then it is good.
It is left for ecobc.
So somewhere
It becomes very, very, very important to score in accounts.
Okay, that's why there will be no increase in accounts.
What have I done?
I would like to tell you once.
Whatever we have, the data of the institute is available.
There are pyqs on the site of the institute.
Say past year questions.
The itp is available there.
The last four attempts, I have covered one or two more
attempts.
There is a mock test paper.
There are many other things available in the market.
All the questions in that subject are available.
I read out everything.
And after reading out
What I felt that yes, this is the point that can bother the
student.
In this question, this point is typical for the student.
The rest he will do.
Those special points
Those typical points
I have arranged for you.
I will serve you.
We will solve them.
So you would find yourself in a position.
That you will bring only ten out of ten.
So now the journey from here will remain.
Our seven eight to ten
Now you are in the range of seven eight.
I have to go to ten.
I have to work hard for two or three more marks.
So be ready for two or three more classes.
Okay.
Yes, sir, we are completely ready.
There is nothing to worry about at all.
You start the story.
Come on, okay.
Let's start the story.
Take the name of the Lord.
And I will try today.
You must be watching.
I keep the volume down today.
Today my class students will say.
I will be quiet.
I will give the question and ask for the answer.
Hope will be with you today.
How do you give me a good answer?
Okay.
Okay, sir, you can trust us.
We will not disappoint you.
Okay, that's fine.
So let's see.
Come on.
Write a little.
Start.
Check issued.
Rupees ten thousand.
Sir, how many more classes will be put in this chapter?
Look, it will take today.
Total three classes.
Assuming that you are going now.
Three classes including today's class.
Today's class.
Check issued.
Rupees ten thousand.
Wrongly.
Entered.
Think now.
In the credit of.
Bank column.
In cash book.
Now see.
I would like you to think and answer me.
Make a picture in your mind.
How would it have happened?
Check issued.
Rupees ten thousand.
It means.
Cut the check and give it to the other person.
The other person's loan was on us.
I used to worry day and night.
And one day it was the limit.
Caught my collar.
Give ten thousand rupees.
I said, man, what do you ask for ten thousand rupees from
the collar?
Stop.
I'll cut the check and give it to you.
We took out the checkbook.
Wrote ten thousand in it.
Wrote the name of the person.
Sign it.
I tore it from the checkbook and gave it to you.
I'll show you the checkbook.
Let me show you the checkbook.
Do you know what will happen with this?
In the check issued and the check deposited.
There is a lot of confusion in the students.
This is also a big problem in BRS.
Check issued.
I would like to visualize a little bit.
The other person was asking for money.
I said, okay, take this.
Tell me your name.
What name did you eat?
Tell me quickly.
I eat in this name.
Take this.
Ten thousand only.
Ten thousand.
Sign.
I tore the check out of it.
And I gave it to him.
This is called check issued.
Check issue means.
Give your creditor a check.
I said, don't hold the collar from now on.
Have you seen wanted?
In Salman Khan's style.
Don't hold the collar from now on.
And I said, go to the bank now.
And go and take it out.
The second mistake.
It's okay.
So I said, go and take it out of my bank account.
Ten thousand rupees.
Okay? Okay.
This is called check issued.
I cut a check of ten thousand.
Now tell me one thing.
I have killed a lot of dialogues.
The second mistake.
And don't hold the collar from now on.
I killed a lot of dialogues.
But tell me one thing.
Inside.
I am crying.
Ask why?
Because ten thousand rupees will be less than my account
now.
I did the payment.
How much style did I hit?
But when it comes to money.
If the money goes, we cry.
Ten thousand rupees are going.
Okay.
I will debit or credit in my cash book.
This entry.
Can you tell me?
I cut a check of ten thousand.
So I will debit or credit the bank column in the cash book.
Arshan has given a wrong answer here.
Come.
No, no.
Varsha.
This is completely opposite.
You are talking.
Debit what comes in.
If you come, then debit.
Credit what goes out.
If you go, then credit.
Yes.
Karishma has said it right this time.
Okay.
Varsha.
Oh yes.
I forgot the passbook.
Now let's go.
Okay.
Look at this.
This is our cash book.
I will debit or credit.
I will debit.
I will cashbook.
I will debit.
I will credit.
Accountant did not see the owner's crying face, he said
that he is crying for Rs.
I can't give him such a big pain, I do one thing, I give
only Rs. 1000 as credit.
But accounts are accounts, there will be a mistake in it,
there is no place for emotions in accounts.
So in the accounts, Rs. 9000 has been reduced in the bank
column.
Credit has been reduced by Rs. 9000 in the bank account.
Tell me the stage of error, I would like you all to just
think and answer.
At what stage is the error? Sir, it is at the starting
stage, while preparing cash book.
While preparing cash book, type of error quickly, type of
error.
Sir, this is the error of commission, absolutely correct
answer, wrong amount.
Thereafter, will my trial balance be tallied? My trial
balance will not be tallied.
Absolutely correct answer, trial balance will not be
tallied.
Because this is only a mistake in the bank account.
So at number 4 comes rectification.
How will rectification happen? At the very first stage,
before trial balance.
Double entry is not possible, double entry is not possible.
Because there is only one mistake in the account.
How to do? How to do? How to do?
Karish, I have told you, sir, credit the bank from Rs. 9000.
Very good, the credit that was reduced, credit it, write a
line.
You have to write a line, line.
Error is corrected by crediting bank account with Rs. 9000.
What will be the name of this?
By wrong amount posted, wrong amount posted.
Okay, tell me at the next stage.
Second stage, after trial balance, before financial
statement.
Within seconds, within seconds
Suspense to Bank, absolutely correct
Absolutely correct
Suspense to Bank, 9000, 9000
And the same entry will be on the third stage as well
Please check that it's only taking us 2 minutes
We have reached this stage only in the 5th class
That in 2 minutes, we are able to think and write all the
entries for all 3 stages
I just spoke to you once on the cash book
It took a little time, but if we do it on pen and paper
Directly sitting alone, it's not taking more than 2 minutes
Okay, so assume that we get 5 points like this
So in 10 minutes, we will have 8 or 10 marks
Let's assume 8 marks as well
For which, how many do we get in the exam?
Where is my calculator? 14.4, so we get 14 minutes and 24
seconds
Okay, and we will do it in 10 minutes
We have reached this stage slowly
Very good, congratulations to you
Very good
Sir, please do something of an advanced level
Yes, yes, advanced level is ready, why do you worry?
Today, you have to explain that note as well
There was a line left in a note, you have to explain that
as well
Okay, fine
Come on the next example
Rs. 100 received from Yogesh
It's not from yesterday, we are not getting it from Lakshman
This time, we are getting it from Yogesh, Rs.
100 from Yogesh
And
Entered on debit side of cash book
Wrote debit side in cash book, did we correct it?
Rs. 100 has come from Yogesh, debited it in cash book
Did we correct it?
Did we correct it, friends?
Yes, sir, we did correct it, yes, sir, we did correct it
Okay, fine
But this cash book is correct
But by mistake, we did not post it in Yogesh account
But not posted to Yogesh account
Last time, we wrote the other side in Lakshman
This time, we did not post it in Yogesh account
Tell me the stage of error
I am not going to do anything
Now, I will not do anything, I will just ask
I will not do anything, I will just ask
Now, my time has come
I will sing a song, my time has come
My time has come
Tell me the stage
Absolutely right, sir
While posting to ledger
What is this? Error of
Error of
Let me see what is being typed in the chat box
Omission is the correct answer
And this is partial omission
Partial omission
Error of omission
Partial
One-sided error has also been told
Means trial balance will not be tallied
So what do we have to do?
We will have to correct Yogesh's account
In rectification, double entry will not be possible on the
first stage
Before trial balance
Double entry is not possible
Tell me that line
Tell me the line
What line will be written?
I am waiting desperately
Tell me the line, what will be written?
Now, Karishma has become a little emotional
The answer is absolutely right
Buy cash 100 rupees
But cash will not come
Buy cash 100 will feel like this
Mistake has never happened
By omission in posting 100 rupees will have to be written
We will credit Yogesh
Varsha's answer is also correct
By omission in posting
Or by error in posting
Yes yes yes
Now it's fine
You should know
Correcting the mistake
If you write buy cash, it will feel like this
Mistake has never happened
Error will be corrected
By crediting
Yogesh account
With rupees 100
As by omission in posting
And now you have become a teacher
You tell the entry of the next stage yourself
Absolutely right
Suspense account
Debit to Yogesh account
I am not even looking at the chat box
I am 100% sure
All students must have given the right answer
And same to same on the third stage
Suspense to Yogesh Absolutely right
I knew you must have given the right answer
Same to same on the third stage
How fast sir how fast
Two examples
Today it is not taking time at all
This is the fun
Why will it take time
Now you have become an expert
Brother Now you have become an expert
Now it won't take time
If you have written this, then tell Let's go to the next
example
Like Chup Chup K
What is the dialogue in Chup Chup K
If you finish one job quickly
Then I will give the second job Now don't say that we are
Ghosts coming out of a bottle
Who are giving one job after another You will get work
You are not a ghost, you are more than a ghost
You are CA Done sir done
Okay fine
Let's go ahead Next example
Rupees 51
Paid to Shyam Shyam's daughter must have been married
Sure sure
That's why we have given him 51 rupees
May be
I won't be able to tell you, you think for yourself
Rupees 51 paid to Shyam
Has been posted As rupees 50 into
Debit of his account
We made a donation 51 rupees
And the person who was sitting there 15 rupees
Example Let's deal with it first 51 rupees 15 rupees
Stage of error Please tell me stage of error
While posting
While Posting to
Ledger Type Wrong amount
Error of commission Very good
What will happen to the trial balance What will happen to
the trial balance
What will happen to the trial balance Will it be a match
Or are the bad days of the trial balance still going on Not
telling
His bad days are going on
There is a eclipse on the trial balance
There is no such example
In which telling is happening
Not telling
Rectification
First stage
Before trial balance Double entry will not be possible
I need a line
You give me a line
I will give you the next example Quickly Quickly
Let's see
What will happen Let's see
Varsha has said Debit Shyam account
How much is Varsha
Varsha How much
What is the amount 51 minus 15 Sir, I don't speak 36
Because I have 36 with many people That's why I write
Tell in short form 51 minus 15 Very good Varsha 36 Now see
You have made a payment of 51 The entry should have been
Shyam account debit to cash
This is the payment entry
Entry is fine There is no mistake in the general entry
But when it comes to posting
Cash is fine In Shyam account, you wrote
Debit side only 15 51 was to be written
Only 15
You reduced the debit from 36
So now you have to debit from 36
To improve things You have to debit from 36
Absolutely right
Error is corrected
By debiting
Shyam account
With 36
This error
What should I name
Tell me quickly To Error in
Posting of amount You can write anything
I wrote a little lengthy
To wrong posting of amount
To error in posting
Error in amount There is no problem
Just write in your own words
Second stage
After trial balance Before financial statement
Second stage
This time
Shyam to suspense Very good sir
Who is debiting above
Shyam account
This time the suspense will be credited Pick up one account
from above
And put the other in suspense
Debit or credit Third stage
After financial statement Entry will be same
Shyam account
Done sir
Done Are you feeling confident
Are you feeling like you should feel like this?
Yes sir, I am feeling very confident.
Karishma said yes sir.
Very good.
Good, good.
This is what you want and what else do you want in life.
Let's move ahead.
And now we are coming to a different type.
A little different type.
Sir, just now the game of the left hand was made.
Now again sir, you brought a different thing.
Why do you worry?
You will also like that thing very much.
You know everything.
But a little new point will come out.
You can't do repeated things again and again.
There is a demand for life.
Something new should keep happening.
Neither do we wear the same clothes every day.
Nor do we eat the same food every day.
Nor do we have the same kind of thoughts every day.
Sometimes we think good, sometimes we think negative,
sometimes we don't think at all.
So it keeps changing daily.
There is a rule of change in life.
Good sold.
Deepak.
Rupees 2000.
Was.
Wrongly posted.
And do you know what kind of confidence is this?
This is not a temporary confidence.
That in one or two examples, that general entry trick was
applied.
And temporary confidence came.
Then if you go ahead, you will fall.
This is permanent confidence.
Because it has come from hard work.
This is permanent confidence.
It won't go anywhere.
No one can shake it.
Long term investment.
Yes.
This confidence is made of Ambuja cement.
Don't go anywhere.
Good sold to Deepak 2000.
Was wrongly posted.
From.
Sales day book.
To.
Debit of purchase account.
To debit of purchase account.
This time I just need its Hindi.
I will see ahead.
Its Hindi.
Deepak sold goods for 2000 rupees.
From the sales book, put it in the purchase account.
When we sold the goods.
So wrote in the sales book.
No problem.
If you sell, you should write in the sales book.
But before the sale book.
We make a sale account.
It has put the entry in the purchase account.
Tell me.
The sale is considered to be purchased.
Delivered to the purchase account.
This is absolutely bad error.
This is a big mistake.
Right.
About this.
Sir will have to think a little.
So take this.
This is a sale book.
Deepak Babu is coming in the sale book.
Deepak Babu looks very good.
We sold them goods for 2000.
And put 2000 in the sale book.
In the name of Deepak.
The sale book is absolutely fine.
From here we made the account of Deepak Bhai.
Deepak Bhai's account.
In this.
We wrote two sales.
Absolutely fine.
Deepak account.
Debit to sales account.
About Deepak's account.
There was no question in the question.
I repeat.
About Deepak's account.
There was no question in the question.
So we would assume.
Deepak's account is absolutely fine.
The problem was.
When we came from here.
Went to make another account.
Sales account.
So here we should have written.
By Deepak.
2000.
We did not write this.
And from above.
Wrote more in the purchase.
Life happened.
Not at all.
Jingalala.
To Deepak.
2000.
Instead of sales.
Wrote in the purchase.
If you write in the purchase account.
Then you will write the debit side.
That is understood.
Understood.
Now the accountant has not eaten.
One will not write in the sales.
And will write in the purchase.
And will write the other side in the purchase.
Nothing like this was written in the question.
Just written in the purchase.
So in the purchase.
The debit side will come here.
Now Varsha has become a little emotional.
And Karishma too.
Saying this is the principal error.
I told you.
The purchase of the asset.
Don't write in the asset.
To write in the purchase.
And repair it.
Don't write in the repair.
To write in the asset.
This is the two-type error.
Principle error will be made.
All the principle errors.
Commission errors can be made.
This thing you understand and go.
But only two have been classified.
In the principle error.
Only those two.
Consider it as a principle error.
Finish the matter.
Come to this.
Only those two will be made.
or you are just assuming that these two are principal
errors and leave.
End of the conversation.
Now, listen to this.
Only those two types will be formed.
Yes, these errors of commission will be formed.
What happened?
Wrong account.
Remember, I told you wrong account.
Now you said, Sir, this principle is wrong.
The principle is wrong.
I considered the sale as a purchase.
Look, I agreed with you.
If you are speaking in Hindi, you have logic.
I am also agreeing with you.
But the curriculum has said
We will consider only two examples.
Principal error.
You have done those two.
The rest will come in the error of commission.
I said, the error of commission is the principal error.
They are similar.
That's why I gave you a simple rule.
They will go in two principles.
Finish the work.
Why do you get into trouble in the rest of the commission?
Okay, Sir.
We understood what you said.
You can feel bad.
Sir, this can also be an error of omission.
That we forgot to enter the sales account.
That is also wrong.
We have not forgotten to enter the sales account.
We remember.
We have done the entry.
Instead of sale, we did it in the purchase.
Forgetting to enter is a different thing.
If you don't write in the sales and
If you don't write in the purchase, then this partial
omission comes.
We have written.
Instead of sale, it is written in the purchase.
It is not omission, it is commission.
We have done posting in two places.
In Deepak and in the purchase.
We have not forgotten anything.
We just changed the account.
Oh, okay, Sir.
So in the purchase, the buy CD came 2000.
Now let's make a trial balance from here.
Deepak will come in the trial balance.
Debit side 2000.
There is no problem, Sir.
Absolutely good.
There is no problem.
Sales is empty.
The sales account is looking at the face of others.
Put it in the name of Allah.
No one put anything.
In the purchase, the debit side came 2000.
So the total of debit is 4000.
And the total of the credit is 0.
Our trial balance is not getting talent.
See a little fun.
Will come out in this example.
It is coming, it is coming slowly.
You tell me the stage first.
Sir, this is the error of posting.
At the time of posting to ledger.
Absolutely right.
This is the error of commission.
There is no omission.
I have refused before.
Okay, Sir.
Number 3.
We have seen the trial balance.
There will be no talent.
Sir, now our dream is to see the trial balance.
There is no talent.
If God wants, there will be an example.
In which there will be talent again.
What to do?
Come on rectification.
And tell me on the first stage.
Will it be possible or not?
And I will tell you one more thing.
Which is probably wrong in other classes.
Children are told.
One more thing is going to come out.
Tell me first.
Will double entry be possible or not?
Varsha is saying.
Sir, what will you do?
Sale or purchase?
This is the thing.
Brother, before trial balance.
Tell me double entry match.
Is it possible or not?
Tell me in simple words.
Varsha said.
Sir, it is not possible.
Karishma said.
Sir, double entry is possible.
Why did Karishma say?
Is this double entry possible?
I will tell you.
Because Karishma's mind
There is one thing.
Karishma said.
Sir, this is a double-sided error.
Sir, this sales account and purchase account.
Is affecting two accounts.
And sir, the amount is also 2000.
That's why double entry will be possible.
Isn't it Karishma?
You are saying this.
Tell me the truth.
Please tell me yes or no.
I know you gave this answer.
Yes, write quickly in the chat box.
Yes, sir, I gave the answer.
Varsha.
Sorry, Karishma.
Now listen to me.
Now I will show you Karishma.
Okay, no problem.
I try to do double entry.
Credit in sales.
Should have been 2000.
I did not do it.
So now I should credit it.
Now no one will write.
I will only write.
I should credit the sales.
Sales account from 2000.
Yes, sir, absolutely.
We did not do credit.
So now we should do it.
I forced the purchase account.
I forced the debit from 2000.
I did not have to do it.
So credit it and run away from here.
To purchase account 2000.
My God!
Where did double entry become possible?
Double entry means that there is a debit and credit.
There is only credit here.
Both are coming credit 2000.
Think again.
There should have been credit in sales.
I did not do it, so now I am doing it.
Double entry is not possible.
Do you know why?
Because you are old.
You are saying that it is affecting two accounts, I did not
teach you two accounts, I told you in the beginning when
you were reading this, but I have taught you something else.
Is double entry possible or not? To check this, I did not
tell you that two accounts or three accounts.
I said it once or twice in the starting example, just to
start in the starting, so that we get a start once, but
when we move forward slowly, later on I have taught you
something else.
I said either debit and credit are affected by the same
amount in the same direction.
I am writing that thing again.
Today I will prove why this word is valuable.
Or the debit is increasing and the debit is decreasing by
the same amount.
Or the credit is increasing and the credit is decreasing by
the same amount.
If any of these three is a case, then double entry will be
possible, then it will be a double-sided error, otherwise
it will not be.
What was in our example?
We dropped the sales, reduced the credit by 2000.
We reduced the credit by 2000 and increased the debit by
2000.
Forced the purchase account to debit and increased it by
2000.
You see, in all three of my cases, this case does not fall
anywhere that the credit is decreasing and the debit is
increasing.
This is not the case.
Please feel and look very carefully.
In all three of my cases, there is not a single case that I
said that the debit is decreasing and the credit is
increasing.
Debit and credit are increasing or decreasing.
Or only debit is increasing or only credit is increasing,
then it is a double-sided error, double entry is possible.
If credit is decreasing and debit is increasing, then
double entry is not possible.
Therefore, those who teach that if two accounts are
affected by the same amount, then it is a double-sided
error, double entry is possible, then it is completely
wrong.
I have proved you in this example.
And listen, can there be suspense?
Can there be suspense here?
No, if you have not opened it yet, how will you use it in
rectification?
You already know this.
So those who will use suspense, ask them this example here.
You can't even get suspense to complete the double entry.
What is the right word?
These three cases that I have written in front of you,
these are the right words.
You have to check double entry from them.
The rule that you have read from the beginning and you
already had this image in your mind, which I supported
before.
Today I break it completely.
I am telling you myself that two accounts are affected by
the same amount.
You will not call it a double-sided error.
You see, sales and purchase were affected by 2000 on both.
It is not a double-sided error.
That double entry is not possible.
There is no way to check that the two accounts are not
affected by the same amount.
You have to check the accounts.
Is any of these three cases of debit and credit appearing
or not?
This is the best way, the right way, the right way.
See how fine things are.
Try to feel at which stage I am making you do this.
After doing everything, it becomes so important that an
example is served to the student at the right stage.
When he is ready to do it.
That's why this chapter is very special.
That's why explaining it and in comparison to the chapters,
it becomes very typical for the student and the teacher.
At the stage where the child wants, the thing should be
found there.
Only then the car runs properly in this chapter.
Check through these three cases.
And don't use the fact that charisma is now affecting two
accounts again.
Debit and credit, same amount, same direction.
Debit, same amount, once up, once down.
Or credit, same amount, once up, once down.
If any of these three cases are there, then double entry
will be there, otherwise double entry will not be there.
Okay, yes.
Yes.
If you understand what I am saying, then write yes to me.
Varsha and charisma will also move forward then.
I have taught you a very typical thing.
Yes.
Varsha said yes.
Charisma said yes.
Come, let's read the notes.
Let's read the notes, friends.
See this.
General rule.
Generally, people say that error affecting two accounts
with equal amounts can always be corrected by a double
entry.
Is not a valid rule.
I am explaining a very big thing, friends.
Remember this is a very big thing.
Where was it written?
Reached there.
Then the example was served at the right time.
Then we have been able to understand this line.
We have been able to understand this line today.
You can write the arrow on this line.
Whatever your example number is running.
That this line has been explained to us by this example.
It will be easy for you later.
It will be easy for you later, friends.
Okay.
Yes.
It's such a fine thing.
You people understood it well.
I also enjoyed it.
You must have enjoyed it too.
Sir, it was a lot of fun.
You understood everything.
Tell us this.
Now how will the rectification happen?
There is a mistake in two accounts.
For double entry, you refused.
And sir also proved that double entry will not be possible.
So how to do it?
How to do it?
Listen.
Brother, when double entry is not possible for us.
So I have given you the general rule.
You will have to correct the account as soon as you eat.
Sales account will be corrected separately.
And the purchase account will be corrected separately.
Sales account will be corrected separately.
And the purchase account will be corrected separately.
Just think.
How many mistakes are happening with them.
Who are thinking of suspense here.
That suspense will come.
I would like to congratulate you.
Crystal clear in your mind.
That at the first stage.
We cannot do rectification through suspense debit.
A lot of people do suspense here.
And this is the reason why you are taking the class.
I am telling you honestly.
These are the errors because of which you need classes.
Otherwise, those tricks will succeed.
If these examples are not there.
And I really love these examples.
I like them.
Because they prove to me.
That yes, I have made you do it right.
There was a need for this.
There was a need for a lengthy process.
These examples prove it.
That's why I like it very much.
Think about the people who are opening the suspense here.
How much they are doing blender.
They do not understand anything.
Here we have to correct the sales account separately.
And the purchase account will have to be corrected
separately.
Two lines will have to be written.
Error will be corrected by crediting sales account.
With rupees 2000.
Error will be corrected by crediting sales account.
With rupees 2000.
As.
By.
Error in posting.
And write the second line separately.
Plus error will be corrected.
By crediting purchase account.
Purchase account will also have to be credited.
By crediting purchase account.
With rupees 2000.
As.
By error in posting.
Error in posting.
Yes.
Sir, this is what I was thinking.
Yes, absolutely right.
Absolutely right.
Write the line quickly.
Then I will talk about the second stage.
Write the line quickly.
Then I will talk about the second stage.
Done.
Did you write charisma?
Done sir.
Okay fine.
I have told you to pick it up from above.
What is going to happen on the second stage?
Pick it up from above.
After trial balance.
Before financial statement.
Pick it up from above.
What is written above?
Sir, it is written above.
Credit 2000 in sales.
And credit 2000 in purchase.
So what will be the debit?
Now there will be a debit.
Suspense.
This is the right place for suspense.
Suspense will come here.
4000.
This is the stage where we were helpless.
We had to match the trial balance and move ahead.
So what did we do to match the trial balance?
We would have credited 4000 in suspense.
That is why it would have been tallied.
Because in trial balance, the debit was not there.
credit is 0 and now we go ahead from here, we go to the
financial statement, on the way we made a mistake, so now
there is no need of suspense, so the suspense that we had
credited to take support, now there is no need of its
support, finish the debit, suspense account debit to sales
to purchase, at this stage suspense will come, at this
stage suspense will come, at this stage suspense will come,
suspense account debit 4000 to sales account to purchase
account 2000-2000, my opinion is friends,
thing should be in your heart to the depth, this example
should be in your heart and mind to the depth, then only the
you will realize that the hard work you have done is not
for no reason, these are the examples that confuse you,
which do not leave you anywhere, and if you understand this
very well, then there is no problem, yes sir, yes sir, ok
very good, what will happen on the third stage,
what will happen on the third stage, after the financial
statement, suspense will come, no one is going to stop it,
it has a national permit, sales is also an income and
purchase is an expense, if both income and expense are
taken care of, then P&L adjustment will come 4000, very
good answer, very good answer, suspense account debit to
P&L adjustment 4000-4000, sales income is purchase expense,
instead of income and expense account, P&L adjustment
account 4000-4000, yes sir, we understood the
the line that was written in the note in the fifth class,
but it was late, it was right, not late, it came at the
right time, it has come in the paper, remember, ok, this is
the point of the exam, look at it once,
we have written sir, done, let's go, there are two more
examples, now I have to practice one or two more examples
of this type, this type of practice should be done, yes
sir, it should be done, it has come for the first time,
I have done such an example for the first time, I did not
understand anything, what should we do next, no, you change
the song, you say I understood a lot, I want to do more,
you sing this song,
tell me the journal entry, if we get bill receivable from
Mr.
X, then what should be the journal entry,
Varsha's answer has come, sir, why is Karishma not giving
you the answer, yes sir, this will be the entry, ok, so the
journal entry was Bill Receivable Account Debit to Mr.
X Account, 250 250, now those who will take out this
interpretation from this line,
that there was a mistake at the time of the journal entry,
they know what they will say, they believe that there is a
mistake in the journal entry, and it has been done
according to this, credited to BP account, means BP account
was credited instead of BR, and nothing has been said about
Mr.
X, so it must have been credited, so both have been
credited with 250 250,
telli will not allow, such a mistake cannot be made, this
mistake is not possible, we cannot assume that this mistake
has been made at this stage, and those who say put the
suspense here, are you making a mistake by making suspense,
suspense is used to correct mistakes, the forced trial
balance works to tally, it will take birth in the trial
balance, it can't come before that, one more example has
come,
I am going to give such examples that prove the things, my
god in this we had to write to mr x we had to debit br
account from 250 we did not do this we put it in bp account
by mr x credit of bp account in bp account we wrote credit
side 250 its cd came here 250 this was a mistake we did not
put it in br we put credit side in bp this was a mistake
karishma two accounts are affected br and bp both are
affected by 250 should i check like this double sided error
or not no sir do not check like
you use your debit and credit method that is better lets
see what happened in that we reduced debit in br by 250 and
in bp account we increased credit by 250 these are two
mistakes so one debit is decreasing and one credit is
increasing this was not in my rule so double entry is not
possible br account and bp account both accounts have to be
corrected trial balance will not be tallied when double
sided error is not made then trial balance tallying is not
possible credit side will come 250
will come in br and credit side came 250 in bp my debit
side is 0 and credit total 500 trial balance tallying is
not happening yes sir but different reason
karishma elaborate your point i could not understand yes
sir but different reason ok you are saying that sir i don't
know what you are saying
because Mr.
X did not say anything
Mr. X is correct because Mr.
X did not say anything about him
Varsha is correct means both accounts are correct for
different reasons ok ok ok ok ok stage while posting 2 type
this is commission error now i have explained everything
but advance type examples are of commission error of
commission trial balance will not be tallied
rectification write line in chat box before trial balance
double entry is not possible in both accounts what line
should be written
line should be written wait debit br and 250 to omission ok
writing writing both have to do correct write first line
error will be corrected
by debiting both are debiting double entry is not possible
by debiting br account with rupees 200 as to posting in
wrong account to posting in wrong account
error will be corrected by debiting bp account also by
debiting bp account with rupees 200 as to posting in wrong
account.
Friends, I hope that the first line that I spoke to you in
the first class that if I believe that I teach something
good, then I believe in this chapter.
You may have felt that yes, teaching this chapter is a bit
typical and the things have been explained to us very
slowly, gently and on the right path.
After trial balance, before financial statement.
Pick it up from above, what should I debit?
BR account?
And it is written above that BP also has to be debited.
Debit BP also.
200, 200.
Who will be sacrificed?
Suspense? To suspense account, 400.
Why sir?
It is very simple.
Okay, sorry, there is 250 rupees.
Oh my god, I wrote 200 everywhere.
Sir, there is 250, 250 everywhere.
Okay, okay, okay.
250, 250, 250, 250, 500.
See, we must have debited suspense to forcefully tell the
trial balance.
Because the debit side was only a mess.
Debit side was coming less.
Now if it is not needed, then create and finish.
And the entry will be the same on the third stage, write it.
The entry will be the same on the third stage.
No, no, no, no, no, Karishma.
P&L adjustment to suspense will not be there BR-BP to
suspense will be there.
BR is asset and BP is liability
For asset and liability we don't bring P&L adjustment
We only bring it for income and expense
Ok sir, same entry will be there
Yes Varsha, entry would be same Entry will be same
And in last example and this example there will be one more
line
You don't have any doubt in your mind
If there is a 1 in a million kind of student who is having
this kind of doubt
I will say a line for him.
It's ok even if others don't listen
Many students may feel that in last example and this
example there were two errors
And two errors means compensating error
Wrong. Many times students confuse
That's why I am telling you
There is no compensating error
Two errors which set off and tally the trial balance That
means compensating error
In last example and this example both had two errors
But they didn't set off and tally the trial balance
Neither in last example nor in this one.
So that won't be a compensating error
Ok sir
Confusion should not be even of an inch in the mind
Words are also similar.
Confusion happens sometimes
So let's move ahead to today's last example
The last for the day
Write
Wrongly credited to
Vimal account
By Rs.
See what is happening
Instead of Vinod, Vimal and instead of 1000, 100 This
accountant is a fool
What did he do?
Account is also different.
Amount is also different
Was wrongly credited to Vimal account
By Rs.
Let's see how the work will be done
Write with black pen sir.
Not written with black pen
Ok
Journal entry must be considered absolutely correct
Purchased from Vinod.
Journal entry is correct Purchase to Vinod.
1000, 1000.
No mistake But when it comes to making ledger
So nothing is written about the purchase account
We will believe that it is absolutely correct
Purchase account to Vinod
1000 by CD 1000
This is absolutely correct.
We will believe that
When we made Vinod account
So we did not put a single entry in Vinod account
Left empty
And instead of this, Vimal account was credited
What should we have done correctly?
We had to write in Vinod.
Buy Purchase We wrote in Vimal.
Buy Purchase.
One changed the account
Instead of 1000, 100 was written.
One is bitter gourd, the other is neem
That thing is done.
100 100
Tell me what will happen to the trial balance?
In trial balance, sir, the purchase will come
Debit side 1000 Sir, poor Vinod is empty
And in Vimal, sir, the credit side will come but only 100
So sir, the trial balance is not matching
This 1000 is coming and here only 100 is coming
Stage of error while posting
While posting
No. 2
Type of error
Account is different, error of commission will be made
No. 3
Error affects trial balance
Trial balance is affected, it is mismatched
Match is not happening
When the rectification of the first stage will come
Then I have to check
Is double entry possible or not?
Before trial balance, I have to check Is double entry
possible or not?
Let's see what is happening
In Vinod account, we did not write 1000 We dropped it
If we write, the credit side increases from 1000
And in Vimal account, we increased the credit side
From 100
We had this case
That the credit is increasing and decreasing
But there was a condition from equal amount
From equal amount, that was affected
Credit is increasing, credit is decreasing
Due to error
Vimal account's credit increased from 100
And Vinod account's credit decreased from 1000
Double entry is not possible
Are you getting my point?
We have this case, that credit is increasing and decreasing
But it should have been from same amount
It is not from same amount, that's why double entry is not
possible
Do you agree with me?
Tell me
Yes sir, it is okay
Double entry is not possible
We have to fix it
How? Credit Vinod from 1000
And Vimal from 100
Debit it and finish
Okay First of all
Error will be corrected
By crediting
Vimal account
With Rs.1000
Do it now
Name it by error in posting
Or by posting to wrong account
And along with that
The Vimal account that you have credited from Rs.100
Debit it and finish
Error will be corrected
By debiting
Vinod account
With Rs.100
As 2
Error in posting
Debit side is 2
And credit side is 2
Error in posting
Vimal account
By debiting
Vimal account
With Rs.100
After trial balance
Before financial statement
Credit Vinod account
From 1000
And debit Vimal from 100 900 in suspense
Vimal account
Debit 100
Suspense account
Debit 900
To Vinod account 1000 You see
What i have done
I have debited suspense from 900
This is the way to check your answer
After financial statement
Same to same entry
Vimal suspense to Vinod
Because neither Vimal nor Vinod
There is no account of income or expense
Same to same
Yes
Just try to feel
If you do this in first class
If we go to study metal then we have given this type of
examples in starting questions
It will be a big problem if we do it in the same series
Yes That's why we
have to go slowly
It's cutting
Take this
Now it's not cutting
You can see what I have written
Okay
Let's go friends
So we will keep today's discussion till here
I hope you have understood today's discussion
And a small warning from me
Do revise today
Okay I believe you must have done it in the previous class
It's very important
But Today's class in your concepts
will improve a lot
All the examples we have done today are of next level
And we will take you to the next level
Karishma is saying
Yes sir, there has been an improvement
Absolutely right
We have done it in the previous classes
Okay Varsha
Good, very good
Well done
Do it today also
See you tomorrow
Same time, same place
Till then, bye-bye
Thank you so much
Take care
Bye-bye If you have any doubt, message me on WhatsApp
Okay sir
Thank you
you