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Introduction to Consignment Accounting: Basic Accounting Transactions of Consignment
Introduction to Consignment Accounting part 5/10: The video explains the basic accounting transactions of consignment, covering 10 common steps that are essential to understand. The teacher goes through each step, including sending...
The Business Professor
Sale of Inventory - Intermittent Weighted Average
Intermittent Weighted Average example
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Basic Accounting Transactions of Consignment
In this video, the teacher explains the basic accounting transactions involved in consignment. They outline the 10 common steps or transactions that occur in almost all consignment scenarios, including sending goods on consignment,...
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Journal Part 2
This video explains recording of Discounts, bad debts, loss by fire & other such journal entries.
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Consignment Accounting: Understanding Invoice Price and Loading Reversal
This video discusses the process of invoicing goods at a higher price than the cost, known as the invoice price, and how it can be used to hide profit or avoid competition. It explains the necessary loading reversals for transactions...
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Journal Entries and Ledger Accounts for Bills of Exchange and Insolvency
In this video, the teacher goes through a case study on bills of exchange in accountancy. They explain the various transactions and journal entries that need to be made in the books of both parties involved. The case involves the sale of...
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Problem Solving of Bills of Exchange
In this video, the teacher explains the different scenarios in which bills of exchange can be used and demonstrates how to pass journal entries in the books of Nishi for each scenario. The examples include the renewal, endorsement,...
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Review of Repeatedly Asked Adjustments in Manufacturing Companies
In this video, the teacher provides a quick review of repeatedly asked adjustments in the financial statements of a manufacturing company. They explain the dual effects of each adjustment and provide hints for understanding and solving...
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Bills of Exchange
This session explains the following points : What is Bill of Exchange? General Terms & Importance. Terms of payment dates. Acceptance of Bill
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Issue of Debentures - Problem Solving
In this video we are teaching howto solve a question on issue of debentures
The Business Professor
Introduction to Adjustments in Accounting
In this video, the teacher explains the concept of adjustments in accounting. The teacher also introduces the four different types of adjusting entries: deferred expenses, deferred revenues, accrued expenses, and accrued revenue.
The Business Professor
Recognize Inventory Sales - Journal Entries
Recognize Inventory Sales - Journal Entries
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Issue of Shares - Problem Solving 2
In this video we are teaching how to solve a question based on Issues of shares.
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Possibilities after Issuing Shares: Oversubscription, Forfeiture, and Accounting Entries
This video is a tutorial on the different possibilities that can occur after a company issues shares. The speaker works through a complex question involving oversubscription, pro rata allotment, calls, forfeited shares, and reissuance at...
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Introduction to Consignment Accounting: Valuation of Stock on Consignment
Introduction to Consignment Accounting part 9/10: This video teaches how to value consigned stock in a consignment business using an example of oil barrels. It covers the calculation of cost, deduction of abnormal losses, adjustment of...
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Tips for Effective Exam Preparation and Time Management
This video provides tips and strategies for successfully completing accounting exams. It covers topics such as time management, practicing with previous question papers, using proper formats, and presenting answers effectively. The video...
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Issue of Shares Problem Solving
In this video, the teacher guides students through solving a question related to shares. The teacher explains the concepts, provides step-by-step instructions, and emphasizes the importance of careful reading and accuracy in journal...
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Introduction to Journal
This video explains the importance of journal and how to record different business transactions in it.
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Issue of Shares and Debentures for Consideration Other Than Cash
This video is a lesson on the accounting treatment for issuing shares or debentures for consideration other than cash. It includes a story of a company acquiring another company and paying with shares instead of cash, and provides...
The Business Professor
Adjusted Trial Balance - Financial Accounting
Adjusted Trial Balance - Financial Accounting
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Bills of Exchange - Accounting Entries 1
In this video we are teaching about the journal entries to pass in the books of accounts for different transactions
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Accounting Test time Journal Entries
Here we come with a Short Interactive Quiz on "Journal Entries" from our new & exciting series "Accounting Test Time" Please comment your scores in the comment section below.
Executive Finance
Achieving the Fast Close: Strategies and Ideas for Efficient Financial Reporting
This video provides ideas and strategies for achieving a faster close process for financial reporting, including alternative reporting methods, shifting mindset, applying reporting materiality, automating processes, and standardizing...
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5 Common Mistakes to Avoid While Preparing Journal Entries
The video provides five important tips for preparing and solving journal entries correctly, including analyzing transactions, applying debit and credit rules, writing proper narrations, and checking mathematical accuracy. These tips can...