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521.Accounts XI - Journal entries - Purchase and purchase return
 
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Views: 24210 Arinjay Academy
Merchandising: Purchase Discounts, Purchase Returns, Purchase Allowances - Accounting video
 
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A purchase discounts and purchase returns and allowances example. Other videos in this series: Part 1 - Operating Cycle, Inventory, and Purchase Discount Terms Part 3 - Selling Inventory Part 4 - Adjusting and Closing Part 5 - Income Statements and Business Evaluation For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).
Subsidiary Book #1 (Purchase & Purchase return a/c, Sales and Sales return a/c) :-by kauserwise
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Subsidiary Book , and in this video we discussed Bills receivable, Bills payable and Journal Proper with solved problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 165937 Kauser Wise
Accounting | Basic Accounting term | Lesson 2.7 | Goods; Purchases; Sales; Purchases & Sales Return
 
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In this Video meaning & Concept of 'Goods' is explained. Besides Other related terms such as Where the term 'Purchases' and 'Sales is used in Accounting. Besides concepts & meaning of Purchases return and Sales return are also explained in detail in this video
Views: 3729 Najeeb Hashmi
Accounting Process - The Ledger Accounts for Purchases, Returns & VAT
 
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This video tutorial looks at the how to complete the Purchases, Sales, Returns & VAT day books.
Views: 2453 ExamRevision
Purchase Return Book Case Study -  Accounting Basics - A Complete Study
 
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Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (only Rs.640)with life time validity and certificate of completion. https://www.udemy.com/fundamentals-of-accounting-a-complete-study/?couponCode=YTBABCS12 ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Views: 1201 CARAJACLASSES
Accounting for Purchases Perpetual Inventory Financial Accounting FAR Exam
 
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Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ II. Accounting for Merchandise Purchases The invoice serves as a source document for this event. A Purchases without Cash Discounts. 1. Entry to record purchase: debit Inventory, credit Cash or Accounts Payable. 2. Trade Discounts: deductions from list price (catalog price) to determine the invoice price (actual selling price). Trade discounts are not entered into accounts. B. Purchase With Cash Discounts 1. Credit terms describe cash discounts offered to purchasers by seller for payment within a specified period of time called the discount period. 2. Cash Discounts- granted by the seller to encourage buyers to pay the amount they owe earlier. Buyers view cash discounts as purchase discounts and sellers view them as sales discounts. 3. Example: credit terms, 2/10 n/30, offer a 2 % discount if invoice is paid within 10 days of invoice date, if not full payment is due within 30 days of invoice date. 4. Entry for buyer for purchase using full invoice, gross method is: debit Merchandise Inventory and credit Accounts payable. 5. Payment within Discount Period: debit Accounts Payable (full invoice amount), credit Cash (full invoice – discount), credit Inventory (amount of discount). 6. Managing Discounts: Missing out on cash discounts can be very costly. A system should be set-up to ensure that all invoices are paid on the last day of discount period. 7. Payment after Discount Period: debit Accounts Payable and credit Cash. C. Purchases with Returns and Allowances 1. Purchase allowances is a reduction in the cost of defective merchandise that a buyer acquires. 2. Purchases returns are merchandise a buyer acquires but then returns to the seller. 3. A debit memorandum informs the seller of a debit made to the seller’s account payable in the buyer’s records. 4. Entry on buyer’s books: debit Accounts Payable or Cash (if refund given) and credit Inventory. 5. Discounts can only be taken on the remaining balance on the invoice if a return is made before payment is made. D. Purchases and Transportation Costs - the point at which ownership is transferred (called FOB or free on board). Determines who is responsible for paying any freight costs and/or bearing any loss. Two alternative points of title transfer are: 1. FOB shipping point—title transfers at shipping point and buyer pays shipping costs. a. Increases cost of merchandise (cost principle) b. Debit Inventory, credit Cash or Accounts Payable (if to be paid for with merchandise later) 2. FOB destination—title transfers at destination and seller pays shipping costs. a. Operating expense for seller b. Debit Delivery Expense and credit Cash.
Accounting Entry for Credit Purchase
 
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Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (only Rs.640)with life time validity and certificate of completion. https://www.udemy.com/fundamentals-of-accounting-a-complete-study/?couponCode=YTBABCS57 ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Views: 19041 CARAJACLASSES
How to Create Purchase Return in QuickNtree Accounting Software
 
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How to Create Purchase Return in QuickNtree Accounting Software
Sales Returns and Allowances | Intermediate Accounting | CPA Exam FAR | Chp 18 p 6
 
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Sales Returns and Allowances  16. (L.O. 3) A  company grants  customers the  right of  return for  sales items for  various  reasons  (e.g., dissatisfaction with the product) and to receive any combination of the following:  a.  A full or partial refund of any consideration paid.  b.  A credit that can be applied against amounts owed, or that will be owed, to the seller.  c.  Another product in exchange.  17. To account for sales returns and allowances, a company should recognize the following:  a.  Revenue  for  the  transferred  products  in  the  amount  of  consideration  to  which  the  company is reasonably assured to be entitled (considering the products to be returned or  allowance granted).  b.  An  asset  (and  corresponding  adjustment  to  cost  of  goods  sold)  for  the  goods  returned  from customers.  The Sales Returns and Allowances account is a contra  revenue account. A Returned Inventory  account is used to separate returned inventory from regular inventory.   18. At the end of the reporting period, an Allowance for Sales Returns and Allowance account is a  contra  account  to  Accounts  Receivable,  and  an  Estimated  Inventory  Returns  account  will  generally be added to the Returned Inventory account.
Accounting - Purchases & Purchases Returns Book - Day Books
 
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This video tutorial looks at how to complete the Purchases & Purchases Returns Day Books.
Views: 778 ExamRevision
Purchase Return- OpenMiracle - The Free open source accounting software
 
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OpenMiracle is an open source accounting software, includes all the traditional accounting package features and also contains some additional features. OpenMiracle is an open source accounting software, ie its source code is available free of cost for life time. It is an attempt to make software accounting package available to the common man. It includes all the traditional accounting package features and also contains some additional features. The software is easy to use and helps you to manage your business accounts efficiently. It can replace the latest any accouting package. It is 100% open source which helps developers to reach their experience in creation of an accounting package.Its user friendly consoles and functions helps to reduce the user's work load.
Views: 169 OpenMiracle
CA - BASICS OF ACCOUNTING TERMS PART 8 - GOODS, PURCHASES, SALES, RETURNS, STOCK
 
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CA - BASICS OF ACCOUNTING TERMS PART 8 - GOODS, PURCHASES, SALES, PURCHASE RETURNS, SALES RETURNS, STOCK - KRFS CA ACADEMY CHARTERED ACCOUNTANT Education is an important medium of acquiring skills and knowledge. Our education begins at home. Thereafter, as we grow we go to schools, colleges and other educational institutes. Education bring positive changes in human life. It enhances the knowledge, skill, and intelligence of a person and enables him to lead a successful life. Children or kids start going to school to get the primary or elementary education. It is considered a human right for every child to get the opportunity for education. School education lays the foundation stone for the child’s future. A girl child is as important as a boy child. She too has the right to go to schools. Her rights to access education should not be compromised at any cost After completing education at schools, a student may consider joining a college, or a professional institute for higher studies. He can acquire a bachelors or a masters degree, or he can join a professional institute to acquire expertise in specific discipline. Education makes us humble. Education creates awareness and expands our vision. We become more aware about our-self, about the society, about everything that surrounds and affect our life.It helps us develop a disciplined life. And, discipline is essential for everything that a person wants to achieve in life.An educated person commands respect in the society.Education enables us to earn our livelihood. Education empowers us to get a good job.We need money to make our living. With the advancement of science and technology, our needs have increased. Besides the basic needs of life such as food, shelter and clothing, we also need other comforts such as mobile phones, air-conditioners, car, etc. A fulfilling career ensures a satisfied life.It is a known fact that an educated person gets better earning opportunities. After completing education, we can consider starting your own business. We can also become a consultant in the area of our expertise.The study of computer science, software, and information technology will empower us to make a choice in the field of fast growing IT and internet industry.We can help illiterate adults to learn the basic skills of reading, writing and arithmetic. A student must be familiar with the history, geography, religion, culture and tradition, through general education. Therefore, general education should aim at educating all students up to the secondary standard. Thereafter, depending upon the aptitude of the student, he should either opt for advanced academic education or join a vocational training institute for skill-based training., General Knowledge Questions and Answers given here. Practise the free General Knowledge tests. Check the latest GK Questions daily, weekly& update, General Knowledge questions and answers with explanation for Bank, SSC,UPSC and Competitive Exams. Practice online GK quiz for Free, General Knowledge 2016: Find GK Questions Answers (General Knowledge Quiz), General Studies / General Awareness for all competitive exams Here., General Knowledge (GK) , General Awareness and Current Affairs 2016 with Daily Current Affairs Quiz, Daily GK Quiz, News and Analysis for UPSC ,IAS, IBPS online study free online education free education education channel online learning online study point education adda online education courses online education business study iq education study iq online guruji education guruji golden era education what is online education shivam online education at education online jobs education for you tricky math education adda wifi study online preparation ama online education next exam career planet computer education
Views: 202 RECTV EDUCATION
5 Purchases Return & Sales Return In Busy Accounting Software +91 9210161132
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Basic Accounting Terms - What is a Sale Return & Purchase Return? Class 11
 
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In this video, i will teach you the basic and important concepts of basic accounting terms in accounting.
Sales & Purchase Return Entry In Miracle Accounting Software [Lesson:10]|- Accounting Tips
 
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Namasar Dosto, Is Video Main Aapko Bataya Hai Ki Aapne Kiya Hua Sales Return Hota Hai To Aap Uski entry kaise kar sakte hai miracle accounting software main aur agar aap ne kiya hua purchase return kar rahe hai to uski entry kaise kar sakte hai aur mujhe puri ummid hai ki is video ko pura dekhne ke bad aap Sales/Purchase Return Ki entry karna sikh jayenge. Miracle Accounting Software Sales return/Purchase return Sales/Purchase Return Credit/Debit Note.
Views: 4900 Accounting Tips
SQL ACCOUNTING SYSTEM GST 017 PURCHASE RETURN
 
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www.syntech.com.my SQL Accounting System Purchase Return is to allow you to return stock back to supplier. Remember, Tax Invoice must be issue before this transaction, and Purchase Invoice No, Purchase Invoice Date and Reson must be stated in the Purchase Return.
Views: 1565 syntaxtechnologies
Return Inward & Return Outward In Accounting ? Urdu / Hindi
 
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This Video Give The Basic Concept of Return Inward & Return Outward In Accounting (Urdu / Hindi) ? ZPZ Education Channel Link: www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 8315 ZPZ Education
Selling Inventory; Sales Returns, Sales Allowances, Sales Discounts - Accounting video
 
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Discussion on the selling of inventory: the journal entries recorded as well as a short review on sales returns and allowances and sales discounts as well as F.O.B., freight-in, freight-out, and delivery expense. Other videos in this series: Part 1 - Operating Cycle, Inventory, Purchase Discount Terms Part 2 - Purchase Discounts and Purchase Returns and Allowances Example Part 4 - Adjusting and Closing Part 5 - Income Statements and Business Evaluation For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).
Perpetual Inventory System and How to Journalize Purchase Entries (FA Tutorial #30)
 
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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP So we've talked about the perpetual inventory for some time now. Well, now its time to learn how to journalize certain transactions in this system like purchases, returns, discounts along with shipping costs (Looking at FOB destination and FOB shipping). Merchandise inventory will be used in this inventory system and will include constant cost of goods sold changes as inventory is sold and returned. Watch the entire tutorial and understand this concept to our inventory chapter! ** Notepirate is privately owned and exclusive to Notepirate.com.** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
Views: 49214 Notepirate
Accounting For Purchase Returns : Basic Accounting Tips and Tricks [Urdu / Hindi]
 
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Accounting For Purchase Returns : Basic Accounting Tips and Tricks [Urdu / Hindi] Sekho Sub Kuch Sekhosubkuch provides basic and advanced level computer, internet, commerce, mobile technology related education for free. For More Interesting updates like Facebook Page And Subscribe My Channel on YouTube. Facebook Page : https://www.facebook.com/sekhosubkuch YouTube Channel : https://www.youtube.com/channel/UCO3WNWvetJ5zVaxz2-cOx9w My Blog : http://sekhosubkuch.blogspot.com/ Don't Forget to Like, Comment, Share and Subscribe to My Channel More Video Topics are Given Below : How to Create a Business Accounts Ledger in Microsoft Excel : Debit Credit Balance [Urdu / Hindi] How to Create Accounts System in Microsoft Excel [Urdu / Hindi] How to Create a Simple Accounting Software in Microsoft Excel [Urdu / Hindi] Accounting for Sales Tax : Output Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Tax on Purchases : Input Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Return : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchase Returns : Basic Accounting Tips and Tricks [Urdu / Hindi] TOP 5 Quick Excel Tips and Tricks (You Might Be Don't Know) How to Create INVOICE in Microsoft Excel [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] Accounting For Sales : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchases : Basic Accounting Tips and Tricks [Urdu / Hindi] Fixed Assets : Reducing Balance / Fixed Declining Depreciation Method in Excel [Urdu / Hindi] How to Easily Write / Read Currency in English and Urdu : Basic Tips [Urdu / Hindi] Fixed Assets Straight Line Depreciation Method in Microsoft Excel [Urdu / Hindi] Adjusting Entries Part 4 : Prepaid Expense : Prepayments : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 3 : Deferred Income : Unearned Revenue : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 2 : Accrued Expense : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 1 : Accrued Income : Basic Accounting [Urdu / Hindi] Basic Accounting : Debit and Credit Rules : Accounting Tips [Urdu / Hindi] Magic Math Tricks - How to Calculate Percentage Fast [Urdu / Hindi] How to Calculate Percentage Change (Increase and Decrease) [Urdu / Hindi] What is Percentage and How to Calculate Percentages with Examples [Urdu / Hindi] Create Main Menu (Dashboard) of Supplier & Customer (Ledger Part 3) [Urdu / Hindi] Customer / Buyer Ledger in Microsoft Excel (Ledger Part 2) [Urdu / Hindi] Supplier / Vendor Ledger in Microsoft Excel (Ledger Part 1) [Urdu / Hindi] How to use PV (Present Value Function) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part2) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part1) in Microsoft Excel [Urdu / Hindi] How to Use PMT Function in Microsoft Excel (Excel Tips) [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create INVOICE in Microsoft Excel [Urdu / Hindi] Create INVENTORY SYSTEM in Microsoft Excel (Using Vlookup and Sumif) [Urdu / Hindi] How to Create SO / Sales Order in Microsoft Excel [Urdu / Hindi] How to Create PO / Purchase Order in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] [Advance Excel] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] Word Tutorial : How to Create a Letterhead in Microsoft Word [Urdu / Hindi] [Word Training] Word Tutorial : How to Create Business Card in Microsoft Word [Urdu / Hindi] How to Create Payroll System / Salary Sheet in Microsoft Excel [Urdu / Hindi] How to Create Invoice in Excel [Urdu / Hindi] How to Make a Home Budget in Excel [Urdu / Hindi] How to Calculate Running Total [Urdu / Hindi]
Views: 245 sekhosubkuch
Example Purchase Return Financial Accounting CPA Exam FAR
 
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Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
ACCOUNTING EQUATION 4 - CREDIT PURCHASES AND RETURNS
 
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ACCOUNTING EQUATION 4 - CREDIT PURCHASES AND RETURNS
Views: 301 accountants2be
Purchase/Sale Return In Busy Accounting Software Short Video Part-8
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Purchase Return & Sales Return or Rejection Inward/ Outward Notes in Tally.ERP in Hindi
 
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How to use Purchase Return Sales Return , Rejection in Rejfection Out Entry in Tally.ERP9 How to enter Debit Notes Voucher. How to enter credit notes voucher, How to use interest calculation in tally, how to use VAT entry in tally Accounts, Inventory, Taxation, Banking, Investment, Insurance, Manufacturing, Payroll, job order, Vat, CST, TDS, TCS, Service Tax, Payment Voucher, Receipt Voucher, Journal Voucher, Contra Voucher, Sales Voucher, Purchase Voucher, Purchase Order, Sales Order, Delivery Note, Receipt Note, Rejection In, Rejection Out, Stock Journal, Physical Stock, Manufacturing Journal, Interest Calculation, Godown, Category, Currencies,Deprecation, Loss, Profit, Transfer of Godown, Queries, Report, Export of Data, Import of Data, Bank Reconciliation
Views: 36280 Daood Computer Centre
Purchases.Purchases Return ,Sale  & Sale Return In Busy Accounting Software Day-4
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Vendor Returns Processing and Accounting
 
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Demo of vendor returns in Acumatica 2018 R2. Learn how to make a purchase return and understand the back end accounting process options. See the differences between stock items and non-inventoried goods.
Views: 130 Douglas Johnson
Periodic Inventory (Purchases For Merchandising Operations) Accounting Detailed
 
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Merchandising accounting,how the purchases account (for merchandising operations) is used in the periodic inventory system (periodic inventory method), purchases account is included in net income on the income statement, example details the accounting entries for purchasing transactions, the purchases account and the (contra accounts) purchase discounts and purchase returns and allowances, the example details the periodic inventory system for end of period (year) adjustments to the purchases account, (1) end of period purchase discounts and purchase returns and allowances are closed to purchases account, (2) end of period the purchases account(less returns & discounts) is closed to COGS (cost of goods sold) for the amount of purchases sold, (3) the purchases account is adjusted (purchases net amount - purchases sold = purchases remaining after sales), the purchases remaning gets closed to the inventory account (asset) on the balance sheet which closes out the purchases account such that it starts with a zero balance for the next period (year), in summary purchases account gets closed at end of period, (1) amount sold closed to COGS and (2) amount remaining closed to inventory account on balance sheet, detailed accounting showing transactions on a balance sheet template with (T Accounts) by Allen Mursau
Views: 1404 Allen Mursau
HOW TO CREATE PURCHASE RETURN OR DEBIT NOTE VOUCHER IN BUSY ACCOUNTING SOFTWARE
 
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HOW TO CREATE PURCHASE RETURN OR DEBIT NOTE VOUCHER IN BUSY ACCOUNTING SOFTWARE
Accounting for 1st year Varsity: Return Credit Purchase
 
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Also: 1. Return Credit Purchase 2. Cash Sales 3. Credit sales 4. Credit sales Return 5. Cash sales Return
Views: 658 Tutormeonlineza
A038 Purchase Returned - SQL Accounting Software
 
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This video shows you how to do Purchase Returned In Purchase Module. Email : [email protected] Product Details :www.syntech.com.my Interaction :www.facebook.com/syntaxtechnologies Full Video Listing :www.youtube.com/syntaxtechnologies
Views: 1684 syntaxtechnologies
Purchase Return Reports-OpenMiracle Free open source accounting software
 
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OpenMiracle is an open source accounting software, includes all the traditional accounting package features and also contains some additional features.OpenMiracle is an open source accounting software, ie its source code is available free of cost for life time. It is an attempt to make software accounting package available to the common man. It includes all the traditional accounting package features and also contains some additional features. The software is easy to use and helps you to manage your business accounts efficiently.
Views: 98 OpenMiracle
13 Posting In Accounting Through Sales Return & Purchases Return +91 9210161132
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Purchase Return
 
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This video explains the process of Purchase Return Transaction in PHARMACC and its Accounting and GST Effects
Views: 289 Mandar Walvekar
Intro to Financial Accounting: Merchandiser Financial Accounting
 
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Introduction to Financial Accounting Professor Alexander Sannella Lecture 10 0:15 Merchandiser Financial Statements 2:29 Balance Sheet Example Learning Objective 2 6:10 Perpetual vs. Periodic Inventory Systems 8:12 Example 12:14 Pure Periodic System 13:06 Perpetual Inventory Systems 15:03 Summary 18:27 Example 22:16 Purchase Invoice 23:43 Purchase of Inventory: Journal Entries 24:11 Purchase on Credit 26:20 Transportation Costs 26:51 FOB Shipping Point 27:11 FOB Destination 33:58 Journal Entry (FOB Shipping) 35:38 Purchase returns and allowances 37:48 Journal Entry 44:40 Purchase Discounts 46:37 Journal Entry Questions and Explanations 51:29 Question 1 53:45 Question 2 Learning Objective 3 57:25 Sales Invoice 57:48 Recording a Sale 58:14 Summary 58:39 Journal Entry (cash sale) 1:00:28 Journal Entry (credit sale) 1:03:00 Sales Returns (2 entries) 1:04:27 Journal Entries (sales returns) 1:07:30 Sales Allowances (no restocking) 1:09:50 Sales Discounts There are two approaches to accounting for inventory; perpetual inventory accounting and periodic inventory accounting. In the periodic inventory accounting approach, purchases for the period are added to beginning inventory to arrive at an interim total referred to as cost of goods available for sale. At the end of the period, the inventory is physically counted. Subtracting the end-of-period inventory amount from the cost of goods available for sale leads to cost of goods sold. A purely periodic system is unrealistic for a large business. A business cannot wait until the endof the period and a physical count to determine its ending inventory and cost of goods sold (would never make it in time for financial statements). The periodic approach is most appropriate for inexpensive inventory that is sold by small shops that do not have opscan or point-of-sale capability. In a perpetual inventory system, detailed records of the cost of each inventory item are maintained and the cost of each item sold is determined from the records when the sale occurs. Under a perpetual system, inventory accounts are continually updated for acquisitions and sales and the cost of goods sold (to be charged against income) is determined after each sale in real time. Gross profit margins can also be determined at the point of sale in real time. The merchandise inventory is increased for additional costs of purchases, such as freight costs. Freight costs are the costs of transporting the goods to the buyer's place of business. FOB, or "free-on-board" terms will determine which party pays the freight fee. FOB shipping point means that goods are placed free on board the common carrier by the seller, and the BUYER pays the freight costs. FOB destination means that the goods are placed free on board at the buyer's place of business, and the seller pays the freight costs. Freight costs incurred by the seller on outgoing merchandise are an operating expense and are debited to "Freight out" or deliver expense, and cash is credited. Freight-out is classified as an operating expense by the seller and will be discussed with accounting for merchandiser sales. When the purchaser pays the freight, merchandise inventory is debited and cash is credited (freight in). The purchaser may return the merchandise, or choose to keep the merchandise if the supplier is willing to grant an allowance (deduction) from the purchase price. In a perpetual system, two entries must be made for every sale: (1) record the sale and (2) record the reduction of inventory. The sales invoice is the documentation used for recording the sale. Because we are using a perpetual approach to accounting for th e inventory, we will actually be making two entries. The first entry will record the sale and the related receipt of cash or account receivable. The second entry will record the reduction of inventory and the related cost of goods sold for this particular transaction. If we need to accept a sales return, in a perpetual system, we also need to make two entries. The first entry will show the reduction in accounts receivable, with a corresponding entry in sales returns and allowances. The second entry will show the merchandise inventory being restocked, with the returned merchandise with a corresponding entry to reduce the cost of goods sold. Sales returns and allowances is a contra revenue account. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Accounting for Sales Transaction using Perpetual Inventory Financial Accounting CPA Exam FAR
 
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Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ III. Accounting for Merchandise Sales—involves sales, sales discount, sales returns and allowances and cost of goods sold A. Each sale of merchandise transaction involves two parts (resulting in two journal entries; the revenue entry and the cost entry. 1. Recognize revenue—debit Accounts Receivable (or cash), credit Sales (both for the invoice amount). 2. Recognize cost—debit Cost of Goods Sold, credit Inventory (both for the cost of the inventory sold). C. Sales without Cash Discounts – Revenue side: Inflow of Assets. Debit Accounts Receivable (or Cash) and credit Sales. Cost side: Outflow of Assets: debit Cost of Goods Sold and credit Inventory. B. Sales with Cash Discounts – 1. Sales on Credit: revenue side using the gross method is a debit Accounts Receivable and a credit Sales. 2. Buyer Pays within Discount Period: debit Cash (invoice amount minus discount), debit Sales Discounts (discount amount), credit Accounts Receivable (full invoice amount). 3. Buyer Pays after discount period—debit Cash, Credit Accounts Receivable (full invoice amount). 4. Sales Discounts is a contra-revenue account—subtraction from Sales. C. Sales with Returns and Allowances 1. Sales returns—merchandise that a customer returned to the seller after a sale. 2. Sales allowances—reductions in selling price of merchandise sold to customers (usually for damaged merchandise that a customer is willing to keep at a reduced price). Chapter Outline 3. Returns Received by Seller. Seller issues refund for returned goods. Entry: debit Sales Returns and Allowances and credit Cash; additional entry to restore cost of returned goods to inventory if merchandise is returned and it is salable: debit Inventory, credit Cost of Goods Sold. 4. Seller receives returned goods into inventory: seller also reduces cost of sales. 5. Return goods not defective: if inventory can be resold, seller debits Inventory and credits Cost of Goods Sold. 6. Returned Goods are defective: debit Inventory for estimated value; debit Loss from Defective Merchandise (difference between cost and estimated value) and credit Cost of Goods Sold (for cost). 7. Sales Returns and Allowances is a contra-revenue account that is subtracted from Sales. 8. Credit Memorandum—issued by the seller to inform buyer of a credit made to buyer’s Accounts Receivable in seller’s books. 9. Allowances Granted by Seller: merchandise which is defective but buyer decides to keep it, seller will record a debit to Sales Returns and Allowances and a credit to Cash for the reduction in price. If seller has not yet collected cash for goods sold, seller could credit buyer’s Accounts Receivable.
GST Debit & Credit Note in Tally
 
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how to pass GST Debit note entry in tally erp 9 rel 6.4 Go for pen drive course and google drive course-https://rtsprofessionalstudy.com/ how to pass GST credit note entry in tally erp 9 rel 6.4 effect of Debit note in HSN summary report in GST returns effect of credit note in HSN summary report in GST returns adjustment of debit note and credit note in tally erp 9 how to adjust debit note and credit note in tally erp 9 what is steps of debit note and credit note in tally erp 9 how to adjusted previous month sales return in current months sales returns how to adjusted previous month purchase return in current months purchase returns sales returns entry in tally erp 9 rate difference entry in tally erp 9 correction in invoice in tally erp 9 purchase returns entry in tally erp 9 gst debit note format in excel debit note and credit note format in gst debit note entry time limit to issue credit note under gst what is credit note difference between debit note and credit note how to enter credit note in gst credit note format under gst in excel gst credit note format in excel time limit to issue credit note under gst credit note format under gst in excel what is credit note debit note entry debit note and credit note format in gst difference between debit note and credit note how to enter credit note in gst debit note and credit note format in gst difference between debit note and credit note time limit to issue credit note under gst debit note entry gst debit note format in excel what is credit note how to enter credit note in gst credit note format under gst in excel how to enter credit note in tally gst how to make credit note in tally under gst debit note in tally erp 9 gst credit note entry in tally gst credit note entry in tally erp 9 gst debit note entry in gst debit note entry in tally debit note entry example credit note entry in tally under gst how to make credit note in tally under gst debit note and credit note in tally erp 9 gst debit note entry in tally gst credit note configuration in tally erp 9 credit note in gst how to enter debit note in tally gst debit note in tally erp 9 gst GST Debit & Credit Note in Tally erp 9 gst debit note entry, gst debit note entry in tally erp 9, gst debit note and credit note, gst debit note processed with error, gst debit note format, gst debit note format in tally, gst debit note entry in busy, gst debit note in tally, gst debit note and credit note format, gst debit note and credit note in tally erp 9, gst debit note credit note, debit note entry in gst portal, gst debit note entry in tally, gst me debit note, debit note on gst, debit note in gst return, debit note with gst in tally, debit note under gst, debit note under gst in tally, debit note with gst, tally erp 9 gst debit note entry gst credit note entry, gst credit note and debit note in telugu, gst credit note rules, gst credit note and debit note, gst credit note and debit note entry in tally, gst credit note entry in tally, gst credit note format in tally erp 9, gst credit note format, gst credit not processed with error, gst credit note entry in tally erp 9, credit note filing in gst, gst credit note in tally, gst me credit note, credit note tally entry gst, credit note under gst in tally, credit note with gst in tally, tally erp 9 gst credit note entry #Tallyerp9 #gstdebitnoteandcreditnote #rtsprofessionalstudies Go to my web site-https://rtsprofessionalstudy.com/ Join my face book page-https://www.facebook.com Follow us on twitter - https://twitter.com/rtsprofessiona1 DISCLAIMER This video is merely a general guide meant for learning purposes only. All the content, reference, instruction or documents or soft files are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors, tax consultant as to the risks involved may be obtained and necessary due diligence, etc
Views: 109409 RTS professional studies
ACCOUNTING EQUATION - 4  Credit Purchases And Returns
 
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ACCOUNTING EQUATION - 4 Credit Purchases And Returns
Views: 8 Louwtjie Venter
Accounting for Sales and Purchase Discounts
 
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Credit terms such as 2 10 n 30 and the journal entries to account for discounts under the 2014 revenue recognition changes
Views: 1781 Cheri Bergeron
Tally ERP9-GST Accounting Entries for Services in Tally (Hindi) ,GST for Service Purchase and Sold ,
 
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Tally ERP9-GST Accounting Entries for Services in Tally (Hindi) ,GST for Service Purchase and Sold , videos links in youtube What is Journal Voucher, How to pass a journal voucher, How to pass Depreciation entry in tally erp9 https://youtu.be/9u5RkOW4LCU How to download and install Tally GST ready version https://www.youtube.com/watch?v=UuwITHaWkQo&index=1&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=1s how to Migrate Old Tally data to GST ready Tally erp9 ver. 6.0.1 https://www.youtube.com/watch?v=4LqqnxsCfEI&index=2&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a how to update GSTIN in ledgers https://www.youtube.com/watch?v=Mz1n_2HerL8&index=3&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a how to update HSN/SAC no and GST rate in Stock group https://youtu.be/Mz1n_2HerL8 Purchases with IGST, CGST, SGST in Tally erp9 ver 6.0.1, https://www.youtube.com/watch?v=ux_lQDfvvU0&index=5&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a Sales with CGST, SGST and IGST in tally erp9 ver 6.0.1 https://www.youtube.com/watch?v=mODT6QEj1SE&index=6&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a Why HSN code not print in Invoice ? https://www.youtube.com/watch?v=BncT3HO49QA&index=7&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=2s How to use Multiple Tax Rate Items in Single Invoice GST Accounting https://www.youtube.com/watch?v=js7UoqdRJbI&index=8&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a What is HSN SAC , How to get HSN code https://www.youtube.com/watch?v=XGLOvULG_rA&index=9&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=2s GST in Tally Erp9 Complete Tutorial part-1 https://www.youtube.com/watch?v=4qXkmxKUppQ&index=10&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=25s some important term about Tally with GST https://www.youtube.com/watch?v=DJ577rqmmFo&index=12&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=25s How to file GSTR-1 online https://www.youtube.com/watch?v=Cc6h97ZkHNk&index=13&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a GST in Tally complete tutorial part-2 with Return Entry. https://www.youtube.com/watch?v=sa2DKF6yjJY&index=14&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&t=25s How to download Tally ERP-9 Version 6.0.2 https://www.youtube.com/watch?v=7QmoeKRDKkM&list=PLhILq8wvJwpUnDWz3GUDwRa8xW8kocj9a&index=1 Learn How to post GST Accounting Entries for services in Tally ERP 9, Service Purchase and Service Sold, How to create service ledgers for GST implementation in tally, How to Create GST Ledgers or Master Such as Interstate Service Purchase, Local Service Purchase, Interstate Service Sales, Local Service Sales, Sundry Creditors, Debtors Interstate or Local, GST Tax Ledgers IGST, CGST, SGST. How to Set Service wise GST Rates, How to Post Purchase and Sales Entry using GST. How to Paid Tax Liability to Government i.e. How to Check Input Credit under GST. We are using Tally for GST Implementation, Learn All about Goods and Service tax practical accounting entries in tally, how to enable GST in tally, how to set GSTIN also learn the Tax Adjustment and payment method in this video Hindi Tutorial. Watch to learn Step by Step Full GST accounting entries in tally in Hindi Video Tutorial. -~-~~-~~~-~~-~- Please watch: "compatibility mode in word 2010 2013 2016, How to convert a compatibility mode file, #Gseasytech" https://www.youtube.com/watch?v=4O-1l7vxoWg -~-~~-~~~-~~-~-
Views: 61820 GS EasyTech
Accounting entry of Composition dealer her book, gstr4 return,composition dealer entry in tally erp9
 
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Accounting entry of Composition dealer her book, gstr4 return,service and goods entry in tally - 1 Iss video section me apko pta chalega ki kese ek composition dealer apni books ko maintain rakhta h.....kese items or ledger banata h..........or aane wale ledger me apko gstr4 kese online return karte h wo bhi next video me bataya jayega..... Iss video me sirf apko kese item or ledger banane h or kis type se aap purchase or sales ke bills/invoice banane h.... Kis type se apko gst tax ledger banane h or sath me apko koi problem ho to aap mujhe..... Whatsapp no.. 7065907203 Email Id. [email protected] #compositiondealer #purchaseandsalesinvoicecreate #tallymethodist #createinvoice #returngstr4 ****Busy video lecture #1 introduction busy 18 https://youtu.be/OhZ6K9vLp1E #2 Create company https://youtu.be/r8MszRr8GAA #3 Edit company details https://youtu.be/ZF-91_Qf6dQ #4 Delete company two ways https://youtu.be/oGnnogIoUn0 #5 Create Master/Ledger https://youtu.be/LaONwlQqL1Y #6 Create Master Group https://youtu.be/XPJi9Lp2uw4 #7 Create Item in busy https://youtu.be/9CY0B_hbbFQ #8 Create item group https://youtu.be/-VUzdIXxd3k #9 Create Material center http://busywin.com/Product.aspx #10 Create unit & unit conversion https://youtu.be/umy2goMKIes #11 Payment Voucher entry https://youtu.be/nimgqFBglpo #12 Create Receipt Voucher https://youtu.be/CQ4BvuvgIp0 #13 Contra voucher create entry https://youtu.be/M2uYPdy3Igk #14 Purchase Invoice with gst https://youtu.be/qNAyC_Rx4z4 #15 Sales invoice https://youtu.be/rWTdZcSrKq8 Physical Stock in tally https://youtu.be/QsWX4S4jI0Y Short-cut keys in tally https://youtu.be/T4O_Z3GzpQw Cheque return/Bounce entry https://youtu.be/TMhnYvNkds4 Break excel sheet password https://youtu.be/fisjWEsdTL8 Crack tally password https://youtu.be/PNk9Fu0hNJI Payroll Create salary details and payment entry https://youtu.be/4AyMuygHXBM Payroll under Create Pay Heads Part-3 https://youtu.be/DnXjfYjsRv8 Create payroll master/info Part-2 https://youtu.be/EhsFlFa8zW8 Payroll setting in tally Part-1 https://youtu.be/Uf9Mvmud0R0 #2 TDS on interest entry in tally Part-2 https://youtu.be/HHHPQPQRx54 #1 TDS on interest in tally Part-1 https://youtu.be/_JkrVn-UsBk TDS on interest other than securities https://youtu.be/ickpzbu8yR0 Download gst certificate https://youtu.be/eWQfpDvf_kg GSTR-1 Nil return filing https://youtu.be/pX5AG60h7aM GSTR-3B return filing july https://youtu.be/wlkonYpwZP0 #1 TDS concept under gst https://youtu.be/LK9mta3essc #2 E-way bill generate 4 tally https://youtu.be/s46bf2QWc-4 #1 E-way bill in tally https://youtu.be/6C5m7mWFf98 1.Compostion dealer and unregistered dealer https://youtu.be/IiUVf9I6Qcw 2. ISD (Input Service Distribution) https://youtu.be/2A-mnOm5seY 3. Reverse charge maintain bill lecture-2 https://youtu.be/DG1bu_5MrvU 4. Reverse charge maintain bill lecture-1 https://youtu.be/3Um8-L4NNCs 5. Import Goods & Services https://youtu.be/GIrTNoeqmuY 6. Advance receipt bill maintain https://youtu.be/O5USn-6LCNw 7. GSTR-1 Full explain https://youtu.be/B7Trqh4pUOk 8. Multiple Tax Rate in the invoice https://youtu.be/BnWKJ14QrmY 9. Job work lecture-1 https://youtu.be/3Bk_bVCQesM 10. Job work lecture-2 https://youtu.be/Jqhk3n6q0BI 11. Purchase from COmposition dealer https://youtu.be/o7B-kRt734o #Tallymethodist http://www.youtube.com/c/TallyMethodist ***Visit Blog https://neelovejesus.blogspot.com/ ***Google+ https://plus.google.com/111645381493112403525 ***Subscribe My channel https://www.youtube.com/channel/UCzvJAUFu4rKvhRuL3khNm9Q Facebook Page https://www.facebook.com/tally.methodist.94 ****Tag Accounting entry of Composition dealer her book,tally methodist,create items and ledger composition dealer,how to print sales invoice composition dealer in tally,composition dealer entry in tally erp9,composition dealer purchase entry in tally erp 9,composition dealer entry in tally erp 9,gstr4 return,create sales invoice composition dealer in tally,how to create purchase invoice composition dealer in tally,gstr4,tally erp 9,maintain composition dealer books in taly erp9
Views: 294 Tally Methodist
Sales of Merchandise Inventory | Financial Accounting | CPA Exam FAR | Ch 5 P 3
 
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Sales revenues, cost of goods sold, gross profit, CPA exam, sales returns and allowance, sales discount, Merchandising operation, purchase of inventory, FOB shipping, FOB destination, perpetual inventory, periodic, purchase discount, purchased invoice, discount terms, net purchased, freight in, purchase returns, purchase allowances, purchased returns and allowances, FIFO, LIFO
Accountancy Class 11 | Basic Accounting Terms | Chapter 2 | Purchases & Purchase Return
 
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Accountancy Class 11 | Basic Accounting Terms | Chapter 2 | Purchases & Purchase Return Link to Complete Chapter Classes #1. accounts class11 | Chapter 2 | Business Transactions & Events | https://www.youtube.com/watch?v=6J9TXsZdiAM&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #2. accountancy class11th | Chapter 2 | Account | https://www.youtube.com/watch?v=SXBh-zhTH6U&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=2 #3. accountancy class 11th | Chapter 2 | Capital & Drawings | https://www.youtube.com/watch?v=Q5XCCdY75JY&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=3 #4. accountancy class 11 | Chapter 2 | Liability | https://www.youtube.com/watch?v=AWWrJBscTCw&index=4&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #5. accounts class11 | Chapter 2 | Assets | https://www.youtube.com/watch?v=jDFnq7lFdto&index=5&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #6. accounts class11th | Chapter 2 | Capital & Revenue Expenditure | https://www.youtube.com/watch?v=Uk05KiFSpSI&index=6&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #7. accounts class 11th | Chapter 2 | Capital & Revenue Receipts | https://www.youtube.com/watch?v=OsJQCEqC1Ng&index=7&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #8. accountancy class 11 | Chapter 2 | Expense & Income | https://www.youtube.com/watch?v=us4tDKtOF7Q&index=8&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #9. accounts class11 | Chapter 2 | Profit | https://www.youtube.com/watch?v=AwwK_T-iC-g&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=9 #10. accountancy class11th | Chapter 2 | Gain & Loss | https://www.youtube.com/watch?v=wniplsvZIVI&index=10&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #11. accountancy class 11th | Chapter 2 | Purchases & Purchase Return | https://www.youtube.com/watch?v=UEbNg1zCvsc&index=11&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #12. accountancy class 11 | Chapter 2 | Sales & Sales Return | https://www.youtube.com/watch?v=YxvlJ-vYwj4&index=12&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #13. accountancy class11 | Chapter 2 | Stock(opening & Closing) | https://www.youtube.com/watch?v=T2e3kAN73dY&index=13&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #14. accounts class11th | Chapter 2 | Inventory(Raw-material, WIP, Finished Goods) | https://www.youtube.com/watch?v=YQaswAJXm1Y&index=14&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #15. accounts class 11th | Chapter 2 | Trade Receivable(Debtors & Bill Receivable) | https://www.youtube.com/watch?v=IGZLSBoaweE&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=15 #16. accountancy class 11 | Chapter 2 | Trade Payable (Creditors & Bill Payable) | https://www.youtube.com/watch?v=YxJAA2bG84E&index=16&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #17. accounts class11 | Chapter 2 | Goods & Cost | https://www.youtube.com/watch?v=BTdq4vpmNZE&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=17 #18. accountancy class11th | Chapter 2 | Voucher | https://www.youtube.com/watch?v=2AiGltTi37o&index=18&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #19. accounts class 11th | Chapter 2 | Types of Voucher & Debit Voucher | https://www.youtube.com/watch?v=JAPrxtuUv_0&index=19&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #20. accountancy class 11 | Chapter 2 | Credit Voucher & Non Cash or Transfer Voucher | https://www.youtube.com/watch?v=90HwZ2CN4g8&index=20&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #21. accountancy class11 | Chapter 2 | Trade discount & Cash Discount | https://www.youtube.com/watch?v=KOo5DKKL7BA&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=21 #22. accountancy class11th | Chapter 2 | GST,ENTRY, BAD DEBT,INSOLVENT & SOLVENT | https://www.youtube.com/watch?v=Fqj2CMzwC7s&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=22 #23. accounts class 11th | Chapter 2 | STORES, REVENUE & REVENUE FROM OPERATIONS | https://www.youtube.com/watch?v=qlL32YZHEKU&index=23&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp #24. accounts class 11 | Chapter 2 | ENTITY,TURNOVER,LIVESTOCK & INVESTMENTS | https://www.youtube.com/watch?v=rMD_n_tzP5M&list=PLnYJPjDtVr6hkbn8tMkYsN6Jompu5udLp&index=24 #11class #Accountancy #Class11 #Accounts# 11classAccount #11classAccountancy #class11Accounts #accountancyclasses #cptclassesaccounts
Views: 202 Commerce Mantras
GST SALE PURCHASE  EXCEL SHEET AUTOMATICALLY GST 3B READY AND YEARLY ACCOUNTING IN EXCEL
 
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DOWNLOAD SHEETS : https://drive.google.com/file/d/1lMpCXPwWDV19Ddm_ggkUSW2UuqMS4Gng/view?usp=sharing PLEASE MACRO ENABLE : https://youtu.be/DRtHXmEOaiM EXTRACT ZIP SHEET : https://youtu.be/V3V3ooK3sHk GST MONTHLY RETURN DATA. SALE PURCHASE DATA MAINTAIN IN EXCEL . ACCOUNTING IN EXCEL OF GST . एक्सेल में Accounting कैसे करें। how to maintain sale & purchase Data in excel Sheet GST monthly Return data . GST LATEST SHEET OF 3 B RETURN BEST SHEET FOR ACCOUNTING OF SALE AND PURCHASE LATEST SHEET OF GST RETURN. how to maintain sale & purchase Data in excel Sheet GST monthly Return data . how to do accounting in excel. एक्सेल में Accounting कैसे करें। GST LATEST SHEET FOR RETURN .automatically calculate GST Excel sheet With Sale purchase data And automatic Ready GST monthly Return Part 1 Basics Of Excel :https://youtu.be/AQtGRgbdf2o part 2 Excel Basi : https://youtu.be/sm4xoAMDNlc Convert Number Into Words :https://youtu.be/H3YVPyWfARc part 3 : https://youtu.be/5kHbhAD-194 Thanks for watching EMINENTOFFLINESOLUTION
How to use purchase credit notes in Xero Accounting Software
 
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Did you receive a credit note from one of your suppliers but don't know how to process it in Xero? Watch this tutorial to learn how to: - create and edit a purchase credit note - apply it to an outstanding bill - apply a refund against the credit note Try Xero accounting software for free: http://www.xero.com/signup/
Accounting for Sales Return : Basic Accounting Tips and Tricks [Urdu / Hindi]
 
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Accounting for Sales Return : Basic Accounting Tips and Tricks [Urdu / Hindi] Sekho Sub Kuch Sekhosubkuch provides basic and advanced level computer, internet, commerce, mobile technology related education for free. For More Interesting updates like Facebook Page And Subscribe My Channel on YouTube. Facebook Page : https://www.facebook.com/sekhosubkuch YouTube Channel : https://www.youtube.com/channel/UCO3WNWvetJ5zVaxz2-cOx9w My Blog : http://sekhosubkuch.blogspot.com/ Don't Forget to Like, Comment, Share and Subscribe to My Channel More Video Topics are Given Below : How to Create a Business Accounts Ledger in Microsoft Excel : Debit Credit Balance [Urdu / Hindi] How to Create Accounts System in Microsoft Excel [Urdu / Hindi] How to Create a Simple Accounting Software in Microsoft Excel [Urdu / Hindi] Accounting for Sales Tax : Output Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Tax on Purchases : Input Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Return : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchase Returns : Basic Accounting Tips and Tricks [Urdu / Hindi] TOP 5 Quick Excel Tips and Tricks (You Might Be Don't Know) How to Create INVOICE in Microsoft Excel [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] Accounting For Sales : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchases : Basic Accounting Tips and Tricks [Urdu / Hindi] Fixed Assets : Reducing Balance / Fixed Declining Depreciation Method in Excel [Urdu / Hindi] How to Easily Write / Read Currency in English and Urdu : Basic Tips [Urdu / Hindi] Fixed Assets Straight Line Depreciation Method in Microsoft Excel [Urdu / Hindi] Adjusting Entries Part 4 : Prepaid Expense : Prepayments : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 3 : Deferred Income : Unearned Revenue : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 2 : Accrued Expense : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 1 : Accrued Income : Basic Accounting [Urdu / Hindi] Basic Accounting : Debit and Credit Rules : Accounting Tips [Urdu / Hindi] Magic Math Tricks - How to Calculate Percentage Fast [Urdu / Hindi] How to Calculate Percentage Change (Increase and Decrease) [Urdu / Hindi] What is Percentage and How to Calculate Percentages with Examples [Urdu / Hindi] Create Main Menu (Dashboard) of Supplier & Customer (Ledger Part 3) [Urdu / Hindi] Customer / Buyer Ledger in Microsoft Excel (Ledger Part 2) [Urdu / Hindi] Supplier / Vendor Ledger in Microsoft Excel (Ledger Part 1) [Urdu / Hindi] How to use PV (Present Value Function) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part2) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part1) in Microsoft Excel [Urdu / Hindi] How to Use PMT Function in Microsoft Excel (Excel Tips) [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create INVOICE in Microsoft Excel [Urdu / Hindi] Create INVENTORY SYSTEM in Microsoft Excel (Using Vlookup and Sumif) [Urdu / Hindi] How to Create SO / Sales Order in Microsoft Excel [Urdu / Hindi] How to Create PO / Purchase Order in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] [Advance Excel] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] Word Tutorial : How to Create a Letterhead in Microsoft Word [Urdu / Hindi] [Word Training] Word Tutorial : How to Create Business Card in Microsoft Word [Urdu / Hindi] How to Create Payroll System / Salary Sheet in Microsoft Excel [Urdu / Hindi] How to Create Invoice in Excel [Urdu / Hindi] How to Make a Home Budget in Excel [Urdu / Hindi] How to Calculate Running Total [Urdu / Hindi]
Views: 407 sekhosubkuch
Financial Accounting: Merchandising Operations (Part II)
 
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Introduction to Financial Accounting Merchandising Operations (Chapter 5) February 27th, 2013 by Professor Victoria Chiu The inventory account is sum of purchased inventory and costs of transportation (freight in / FOB shipping point) less purchase returns / allowances and purchase discounts. Net sales is the sales made to customers less sales returns and allowances and sales discounts. When inventory is sold, two entries are recorded. The first entry involves sales revenue, which is the amount earned from selling the inventory. The amount we record is the retail price of the inventory sold to the customer. The second entry is related to cost of goods sold, which is the cost of the inventory sold to the customers (in other words, how much it cost the company to purchase the inventory from their suppliers). Cost of goods sold is among merchandisers' largest expense. For example, if we sell goods for $500 that cost us $400 to purchase, we would debit cash for $500 and credit sales revenue for $500. We would then debit cost of goods sold for $400 and credit inventory for $400. Sale of inventory issues include sales returns and allowances. Sales returns are when the customer returns goods or refuses services. Sales allowances occur when merchandise is defective or damaged, and the seller gives a reduction in price to the customer. The allowance will reduce the cash to be collected from the customer (i.e. reduces the customer's liability). To record entries for sales returns, debit sales returns / allowances and credit accounts receivable (since you won't be collecting that given amount of cash anymore). The second entry involves debiting inventory and crediting cost of goods sold (you increase your inventory because you are taking back the faulty inventory). To record for sales allowances, only one journal entry is required - a debit to sales returns / allowances and a credit to accounts receivable. The seller does not actually take back the inventory (unlike a sales return) and simply grants the buyer an "allowance" for the damaged goods in transit by reducing the customer's accounts receivable account. To record for sales discounts (where the customer pays within the discount period, leading to a reduction in sales), credit accounts receivable for the full amount and debit sales discount for the amount being discounted. Then, debit cash for the difference between the discount and the original accounts receivable. Regarding transportation costs, under FOB destination, the purchaser only takes official ownership of the inventory when the goods arrive at their facility. The seller pays freight (freight out is the transportation cost to ship goods out of the warehouse and to the customer) - the selling expense is incurred to the seller, which the seller records by debiting delivery expense and crediting cash. The purchaser records nothing in this case. Net sales, cost of goods sold, and gross profit are key elements of profitability. Namely, gross profit and net income are both measures of business success. Gross profit is equal to net sales minus cost of goods sold. Gross profit is the extra money a company receives from the customer over the original cost the company paid to its vendor / supplier to acquire the product. For example, if a company purchases a bunch of bottles for $3 a piece and then sells these bottles to a retailer for $5 a piece, the company has a gross profit of $2 per unit sold. Gross profit must cover the company's operating expenses in order for the company to survive, which is why maintaining a sufficiently high gross profit is vital. Gross profit percentage measures the percentage of the sales that are profit. It is among the most carefully observed measures of profitability. Merchandisers strive to increase the gross profit percentage. Gross profit percentage is measured by dividing gross profit by net sales revenue. It should be noted that inventory is the most important asset for a merchandiser (since it is basically the main source of revenue). Merchandisers use several ratios to evaluate their operations, especially how well a company is managing its various assets. ------QUICK NAVIGATION------ Video begins with review of last class' topics Exercise - (Analyzing Purchase Transactions: Perpetual Inventory): 2:47 Operating Cycle: 13:48 Net Sales: 14:02 Sale of Inventory: 16:18 Accounting for Sales Transactions: 18:51 Sale of Inventory Issues: 25:04 Entry for Sales Returns: 29:04 Entry for Sales Allowances: 32:02 Entry for Sales Discounts: 34:42 Transportation Costs (Freight out): 38:16 Exercise S5-6 - (Journalizing Sales Transactions: Perpetual Inventory): 44:15 Gross Profit / Gross Margin: 1:05:20 Gross Profit Percentage: 1:08:55 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Gst Return Filing In Busy Accounting Software +91 9210161132
 
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Advance Course Training Course For More Details Log on www.Youtube.com and Call - +91 9210161132 Mail us - [email protected]
Tally ERP 9-TDS Entries with GST|Tally for GST Accounting Entries with TDS Part-16|GST Accounting
 
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Learn How to Post TDS Entries with GST in Tally, Learn Tax Deducted at Source Accounting Treatment in Tally ERP 9 with GST Entries, in Tally GST How we can post entries for TDS Credit also learn how to Create Ledgers for TDS Calculations on Services. It is Full Step by Step Tally GST Tutorial in Hindi. Must watch to master in tally accounting practical approach to work smartly. This Tally ERP 9 Video Tutorial Based on Advance, Professional, expert Tally courses for GST Accounting in Tally. It is a Part of RSCFA Course run by Career Planet. Watch All Videos on GST Accounting in Tally Day by Day – Part-1- Tally New Version for GST |How to Download and Install https://www.youtube.com/watch?v=SrW5yBYDryA Part-2- GST Accounting Entries in Tally https://www.youtube.com/watch?v=ZHm5GIBlaF4 Part-3- Tally ERP9-GST Accounting Entries for Services in Tally https://www.youtube.com/watch?v=zuebaPA4lqU Part-4-GST Accounting Entries for Reverse Charge on Purchase from Unregistered Dealer in https://www.youtube.com/watch?v=p2eWqPfsf_s Part -5- Multiple Tax Rate Items in Single Invoice GST Accounting Tally https://www.youtube.com/watch?v=YYR99HReFx8 Part-6 HSN Code, GSTIN Number,Multiple Tax Rate Items in Invoice https://www.youtube.com/watch?v=Edm1m5oxrig Part-7 GST Accounting with Debit Note, Credit Note, Discount Paid,Discount Receive https://www.youtube.com/watch?v=J91HxbW4Ss4 Part-8 How To Round off Invoice Value with GST in Tally https://www.youtube.com/watch?v=xoajErjQ5d4 Part-9 GST Entries for Manufacture, Production, Raw Material Consuming in Tally https://www.youtube.com/watch?v=_Pfc1IRTL-k Part-10 GST Price Based Stock Item Tax Setup in Tally|GST Multi Tax Rate Slab https://www.youtube.com/watch?v=sBRzMSEVLSA Part-11 GST Auto Tax Calculation and Cash Purchase or Sales Entries in Tally https://www.youtube.com/watch?v=82066d6661A Part-12 Capital Goods Purchase & Input Credit Adjustment with GST https://www.youtube.com/watch?v=fTsgpAO8VCQ Part -13 GST Entries for Expenses under RCM Expenses Entries in GST https://www.youtube.com/watch?v=28eIYVG7t4M Part-14 GST Entries for OLD Stock Input Credit in Tally https://www.youtube.com/watch?v=2eYXfGIdDiY Part-15 Advance Receipt Adjustment Entries for Same Month, Next Month and Cancellation https://www.youtube.com/watch?v=r6rZj9H2vOE Visit Our Website: http://www.cpitudaipur.com Visit Our Blog: http://cpitudaipur.blogspot.in/ Like Our Facebook Page: http://facebook.com/cpitudr Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg