Complete Financial Bookkeeping and Accountancy Course
4.3 (143 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,023 students enrolled

Complete Financial Bookkeeping and Accountancy Course

Complete Bookkeeping & Accounting Course For Level 1 & 2
4.3 (143 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,023 students enrolled
Last updated 7/2020
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This course includes
  • 12 hours on-demand video
  • 27 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Complete knowledge of Accounting
  • Financial Bookkeeping & Accounting
Requirements
  • No prior knowledge required
Description

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Learn basic & advanced accountancy rules with our complete Bookkeeping & Accounting course.

Book Keeping involves recording of financial transactions in various accounting books whereas the accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Recording financial transactions is the first part of  the foundation of the accounting process. Here we will understand the fundamentals and the entire process of accounting for a sole proprietor.

also, there are various types of business organisations who wants to get there accounting done here is the detail breakdown of such organisations.

The one who has two or more individuals engaged in an enterprise as a co-owners the organization is known as partnership firm

It is important then to have a proper guidelines for partners, An agreement to know the terms and understand how the accounting is done to be able to make sound business decisions

And the organisations like non profit concerns

Even though a they doesn’t aim for profit they do require to maintain accounting so that they can track how much funds they’ve received and 

from what sources and where is the money being utilized,etc.

Plus Small scale businessmen or professionals might use a simpler way to keep their accounting records which we will understand in the single entry system of accounts.

We are also going to learn accounting of joint stock companies

And bills of exchange this is a negotiable instrument used in the credit system of accounting.

This Accountancy for beginners course consists of simple and logical explanatory videos on each of the  mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions.

-What you will learn? 

I. All the basic fundamentals of accounting 

II.and detailed process of preparing financial statement of a sole proprietor.

III. Entire Partnership Accounting 

IV. Accounting For Non Profit Organisations

V. Accounting For Incomplete Records (Single Entry System)

VI. Accounting of Negotiable Instrument - Bill of Exchange

VII. Accounting of Companies

This course consists of simple and logical explanatory videos on each of the  mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions.

-Who can take this course?

This course is beneficial to you weather you are a student, professional or businessman who wants to have proper knowledge of all the fundamentals of accounting. also this course is suitable for both boards of students. (CBSE and Maharashtra state board students).

-Benefits of taking this Course:

On completion of the course, your foundation on accounting will be stronger. You will understand the fundamentals of accounting and the entire process in which a sole trader would maintain his accounting records also one will understand the accounting of different types of business organisations with the help of:

Explanatory videos ensures complete concept understanding.

Problem solving sessions & Downloadable resources helps in applying your knowledge to solve various problems.

Quiz video helps in testing your knowledge.

This course will prove beneficial in learning any other higher level accounting chapter as well because the basics always remain the same.

In short it is an interesting course fulfilling all the student's needs.

So hurry up and enroll now!

Who this course is for:
  • Every Individual
  • Professionals
  • Students
  • Students who have interest in finance
  • 11th & 12th Students
Course content
Expand all 85 lectures 11:59:54
+ Introduction to Book-Keeping & Accountancy
2 lectures 12:20

This introduction to accounting lesson explains through an example of two neighbors why it is essential to maintain accounting records. 

You will also understand; 1. What is the difference between book keeping and accounting 2. Why should you learn accounting 3. Some of its uses and application

Learn accounting in easiest way. 

Preview 05:30




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Let's Revise
5 questions

This will help you to understand different common terms used in accounting like capital,proprietor,fixed assets, goods, purchases, sales, creditor, debtor and the differences between them.

Preview 06:50

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5 questions
+ Must Know Fundamentals of Accounting
13 lectures 01:32:56

This session will help you to understand,

What is the need for GAAP and what exactly is GAAP?

Also, Simple examples to explain need and meaning of 

-Entity concept and 

-Going Concern Concept

Preview 08:58


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Let's Revise
4 questions

In this session, we have used Simple examples to explain, 

-The need and meaning of;

  • Money Measurement Concept and 

  • Cost Concept

Money Measurement|Cost Principle|GAAP|2
03:39


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Let's Revise
4 questions

In this session we focus on what do we understand from the revenue recognition concept and the objective evidence concept in accounting? and How is it applied?

Revenue Recognition|Objective Evidence Principle|GAAP|3
06:45


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Let's Revise
4 questions

We will see why do we need to follow the dual aspect concept in accounting and what is the difference between single entry system and double entry system.

Dual Aspect|Matching Principle|GAAP|4
07:10


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Let's Revise
4 questions

This session will help you understand  the Accounting Period Concept or the Periodicity Concept in Accounting Principles, the difference between the calendar year & Financial Year.To add relevance, reliability and comparability throughout the behavior of all accountants globally, accountants follow these accounting concepts in all their activities, thus we have given a revision exercise at the end on all of the accounting principles.

Accrual Basis|Cash Basis Principle|GAAP|5
08:34



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Let's Revise
4 questions

This session will help you understand  the Accounting Period Concept or the Periodicity Concept in Accounting Principles, the difference between the calendar year & Financial Year.To add relevance, reliability and comparability throughout the behavior of all accountants globally, accountants follow these accounting concepts in all their activities, thus we have given a revision exercise at the end on all of the accounting principles.

Accounting Period Principle|Revision of All Accounting Principles|GAAP|6
06:43

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3 questions

In this video we will see what is the difference between accounting principles and accounting conventions. The 4 conventions Materiality, consistency, conservatism and full disclosure are explained with examples

Accounting Conventions|GAAP|7
09:36

For a better grip on your concepts and a bit of revision, we have 

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

Preview 06:04

For a better grip on your concepts and a bit of revision, we have

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

Quiz on All The Principles & Conventions - 2
05:34

This video explains the understanding of an account & what is the need to classify them. Also you will know how accounts are classified / Organized into three broad categories Real, Nominal and Personal Accounts.

Classification of Accounts|Real|Personal|Nominal
09:58

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7 questions

Here's a fun and interesting quiz for you based on classification of accounts! We hope you enjoy it.

Quiz on Classification of Accounts
03:36

This video explains the basic Debit & Credit concepts & the 3 golden rules of accounting based for Real, Nominal and Personal Accounts.

Golden Rules of Debit & Credit
09:39

Revision Session

Let's Revise
10 questions

The Accounting Equation is the foundation of double entry system of accounting.  Learning Objectives:-  

1. What is balance sheet    

 2. The accounting equation: Assets = Liabilities + Shareholder Equity.   

 3. Balance sheet statement overview (position of a company                                     

4. Effects of different transactions on balance sheet through accounting equation                      

So whether you are an accounting student, bookkeeper or MBA candidate with a finance subject, you should find value in this lesson.

Accounting Equation
06:40

Revision Session

Let's Revise
9 questions
+ Process to prepare Financial Statement of a sole proprietor
34 lectures 04:46:24

This video gives you a broad idea of how the entire process is followed right from collecting the source documents till preparing the financial statement. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. Broadly, entire accounting cycle is completed in three easy stages :- 

1st is collecting data then 

2nd is recording & transferring in various books & 

the last is finalizing them. 

This process is generally followed by every organization, which helps them in making important decisions efficiently.

Preview 09:51

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Let's Revise
5 questions

In this video the general format of basic source documents like 

- Purchase invoice and purchase order - Cash and credit memo- debit and credit note and the difference between the two - Receipt and vouchers  are explained along with the reason why and when each document is used.

Source Documents -1|Receipt & Payment Vouchers|Credit and Debit Notes
11:10



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5 questions

This explains the differences between Bearer, Order, Crossed, A/c payee cheques & some other frequently used bank documents like Deposit and Withdrawal Slips, Bank advice note and bank statement.

Source Documents - 2 |Bank Documents
07:42



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Let's Revise
5 questions

Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.  This tutorial will help you understand:
1.How to prepare journal
2.What are its features
3. How to record different business transactions in it
Basic entries like cash and credit sales, purchases, capital, expenses paid are covered.
To learn journal you have to have a strong understanding of 
Debit and credit and golden rules of accounts
Classification of accounts

Introduction to Journal | Recording of Transactions in Books
10:32



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5 questions

This is continued session of How to pass journal entry.

This video tutorial focuses on important journal entries which are frequently asked in examinations like

1. Trade discount & Cash Discount  2. Goods distributed as free samples  3. Insolvency  4. Bad debts/Losses  5. Dishonor of Cheque.  It covers all the entries with reasons as to why to debit or credit the accounts for these basic transactions. This video is a great way for beginners to gain accounting knowledge.  To learn journal you have to have a strong understanding of  Debit and credit and golden rules of accounts Classification of accounts.

Journal Entries | Accounting entries of Recorded Transactions
10:24

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Let's Revise
5 questions

This fun quiz will help you revise and test your knowledge on basic accounting entries(journal entries). Answer before the clock ticks off! Enjoy!

Quiz on Journal Entries
05:15

This session Covers; 

-Meaning, Need and types of subsidiary books.

-Comparison between journal to ledger and subsidiary to ledger.

Introduction to Subsidiary Books | Recording of transactions in different books
07:10

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Let's Revise
7 questions

Here we will learn What is Cash Book , Its Importance & Types :

1) Single Column / Simple Cash Book 2) Double Column Cash Book

Cash Book - Types of subsidiary books
11:41

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5 questions

This video explains what is petty cash book & its need, what are the types of petty cash book & how to record transactions in petty cash book.

Petty Cash Book - Type of Subsidiary books
07:25

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Let's Revise
7 questions

This video explains the importance of journal and how to record different business transactions in it.

Broadly Covers need for ledger, format, posting of transactions in ledger & balancing ledger accounts.

Ledger | Transferring transactions from Primary Books
11:05


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Let's Revise
5 questions

Check out our video on Bank Reconciliation statement which covers why and how we prepare BRS statement by comparing Bank book/ cash book to pass book / bank statement.

Bank Reconciliation statement | Comparison of Bank Book & Cash Book
10:55


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15 questions

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Preview 04:57

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Quiz on Bank Reconciliation Statement - 2
03:44

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Quiz on Bank Reconciliation Statement - 3
03:38

This Video explains the need & Importance of preparing Trial Balance & Posting ledger balances in Trial Balance.

Trial Balance | Finalizing of Ledger Balances
10:09




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Let's Revise
5 questions

This video explains,

-Need & Concept of depreciation in Accounting, 

-How to calculate depreciation & 

-How it is recorded.

Depreciation - Adjustments in financial statement
10:15

Answer these questions on depreciation before the timer ticks off and test your understanding on the subject. Have fun!

Quiz on Depreciation
04:00


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Let's Revise
5 questions

Through this session you will understand,

-Why provisions and reserves are made and  

-What is the difference between the two. 

Also we will see the different types of reserves.

Provisions & Reserves - Adjustments in financial statement
08:05


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Let's Revise
5 questions

Many times we make mistakes unknowingly in our accounting books, so in this session we will learn how to rectify them such that our statements show a true & fair view.

Errors & Rectification - Adjustment in financial statement
11:09

Take part in this fun and exciting quiz on the chapter Errors and Rectification. Test yourself and see how many you get right.

Quiz on Errors & Rectification
02:58

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Let's Revise
5 questions

This session will give us a broad understanding of the importance of closing stock.

We will go through the following points :

1. Meaning & Introduction  

2. Stock Ledger  

3. FIFO Method / Weighted Average Method 

4. Recording Closing Stock

Closing Stock - Adjustments in financial statements
08:44


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Let's Revise
5 questions

In this session, we will learn through different practical situations the meaning, the entries and adjustments related to bad debts.

Bad debts - Adjustment in financial statements
10:56


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Let's Revise
5 questions

Learn Different types of adjustments, Such as :

1) Prepaid Expenses 

2) Outstanding Expenses

3) Accrued Incomes 

4) Advance Income

5) Difference between the terms 'due for payment' and 'accrued'

Adjustments in Financial statements | Incomes & Expenses
12:03
Quiz on Adjustments in financial statements
05:13

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Let's Revise
5 questions

In this video we will learn the need to prepare financial statements or final accounts and the format in which it is made. The different components and differences are explained.

Preview 11:38

In this video we will learn posting/recording of each account from the TRIAL BALANCE to the FINAL STATEMENT.

Financial Statement - 2 | Recording of Balances in Statements & Accounts
11:00

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Let's Revise
20 questions

Take part in this fun and exciting quiz on the chapter Final Accounts. Test yourself and see how many you get right.

Quiz on Financial Statements -1
04:20

Get ready for a unique practice session/quiz. From the given information and financial statements we will prepare a trial balance! Let's see f an get them all right before the timer ticks off.

Quiz on Financial Statement - 2
04:54

This video explains how to read & interpret financial statement in a simple language with the help of comparison between financial statements of two Business / Companies.

Reading of Financial Statement
10:16

Here's an interesting and practical financial statement analysis case. Let's get on to this mission together to find out whether this is a big fraud.

Comparing & Analyzing two financial statement
11:07

In this session we will be completing a financial statement & recording adjustments from the limited information provided.

Finding missing information by comparing Financial Statements
08:51

Another Art of Accounting Analysis video where we will trying to prepare a cash bank summary for missing record of 1 year from given financial statements.

Deriving Cash/Bank Summary from 2 years statement
08:04

Let's analyze the statements together and see if we can fill in all  the missing figures.

Deriving Missing financial Statement from available information
09:14

This is a fun quiz based on the whole accounting cycle. Answer before the timer ticks off! Have fun!

Quiz on Whole Accounting Cycle
07:59
+ Partnership Accounting
18 lectures 02:44:18

This video explains different business organizations namely,

-Sole proprietorship, 

-Partnership Firm and 

-Joint stock company & their main features which distinguishes them.

Preview 09:10

This video explains the following concepts :

1) Basics of Partnership

2) Adjustments in Capital Accounts

3) Presentation of Profit & Loss Accounts 

4) Methods of Capital Accounts

Preview 10:08



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11 questions
Partnership Final Account - Problem solving - 1
11:38
Partnership Final Account - Problem solving - 2
13:48

Learn how the accounts are to be presented and the different adjustments on admission of a partner like, 

-Profit sharing ratio

-Capital contribution

-Goodwill calculation

-Calculation of revaluation profit or loss 

Admission of a Partner | Reconstitution Of Partnership Firm
10:10



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5 questions

With the help of this video we will learn " Problem Solving on Admission of a Partner" in the easiest way.

Admission of a Partner | Problem - Solving - 1
08:55

With the help of this video we will learn " Problem Solving on Admission of a Partner" in the easiest way.

Admission of a Partner | Problem - Solving - 2
10:05

In this session we will learn through simple examples, the different adjustments on retirement/death of a partner.

It covers,-Treatment of goodwill

-Revaluation of assets and liabilities

-Profit and loss adjustment and calculation of gain ratio.

Retirement Of a Partner | Reconstitution of Partnership Firm
06:42



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5 questions

In this session we will understand through an example how accounting is done for retirement/death of a partner.

Retirement Of a Partner | Problem-Solving
03:46

In this session you will learn how to calculate,

-Gain ratio, 

-Sacrifice ratio & 

-New profit sharing ratio in different scenarios.

Calculation of Profit Sharing Ratios
09:26



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5 questions

Here's a little quiz based on Profit sharing ratios! It's challenging and fun... Try it out!

Interesting & Challenging Quiz | Profit Sharing Ratio
06:00

Get your answers to,

1. What is goodwill?

2. Why is there a need to value goodwill?

3. How to value goodwill?

Valuation of Goodwill
12:15



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5 questions

A Quick Review on "Valuation of Goodwill" Take this interesting quiz to further enhance your knowledge on the topic

Interesting & Challenging Quiz | Valuation of Goodwill
07:16

This Video Explains How to Record Goodwill in the Firm's Books of Accounts,

-At the time of admission and 

-Retirement of a partner. 

Accounting treatment of goodwill
11:24


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10 questions

A Quick Review on "Accounting Treatment of Goodwill" Take this interesting quiz to further enhance your knowledge on the topic.

Interesting & Challenging Quiz | Accounting Treatment of Goodwill
04:21

This video will give you a broad understanding on what is dissolution and the process or different steps taken on dissolution. 

Dissolution of partnership
11:14

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Let's Revise
5 questions

In this session we will understand through an example how accounting is done at the time of Dissolution of Partnership Firm.

Dissolution of Partnership Firm - Problem Solving
07:12

In this session you will learn what is piecemeal distribution, 

-The order of payment and 

-How statement of excess capital and statement of distribution is prepared through a simple example.

Piecemeal Distribution
10:48
+ Accounting of Non-Profit Organisation
2 lectures 15:50

In this session we will learn,

-How Non-Profit Organisation is different from Profit making Organisation, 

-How their accounting books are maintained and the difference between Capital Income/Expenditure and Revenue Income/Expenditure. 

Introduction to Non-Profit Organisations
08:57

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5 questions

Problem solved on Non Profit Organisation covering simple transaction recording and adjustments like 

-Donations, 

-Subscriptions and  

-Outstanding-Prepaid expense or income.

Non-Profit Organisations - Problem solving
06:53
+ Accounting from Incomplete Records
2 lectures 16:53

This session covers: 

-Single Entry System(Introduction), 

-Recording of Events, 

-Limitation, Single Entry Vs Dual Entry, 

-Problem Solving of the same.

Single entry system
07:42

This session covers will give you a clear idea about conversion method of single entry system.

Single entry system - Problem Solving
09:11

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Let's Revise
5 questions
+ Accounting of Bill of Exchange
4 lectures 31:12

This session explains the following points : 

-What is Bill of Exchange? 

-General Terms & Importance. 

-Terms of payment dates. 

-Acceptance of Bill

Introduction to Bill of Exchange
08:01

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6 questions

Take part in this fun and exciting quiz on the chapter Bills of Exchange. Test yourself and see how many you get right!

Preview 05:15

Learn accounting entries from Drawers perspective Like, 

-How transactions are recorded when bills are drawn, accepted and retained, discounted or sent to bank for collection.  

-Further, what happens when they are honored or dishonored.

Learn accounting entries from Drawers perspective Like, 

-How transactions are recorded when bills are drawn, accepted and retained, discounted or sent to bank for collection.  

-Further, what happens when they are honored or dishonored.

Accounting Entries of Bill of Exchange - 1
08:01

Continued entries in the Drawers book like, 

-Endorsement & Retirement of Bill of Exchange.

-Also all the accounting entries in the books of Drawee.

-and a quick revision on bill of exchange

Accounting Entries of Bill of Exchange - 2
09:55
+ Company Accounting
10 lectures 01:40:01

A joint-stock company is a business entity in which different stocks can be bought and owned by shareholders. 

What is it exactly? Here is a video explaining all you need to know about company.. 

Details inculded are: 

1. What is Joint Stock Company & its Features 

2. What are advantages & Limitations of Joint Stock Company   

3. The procedure to incorporate Joint stock Company and the types of joint stock companies. 

Preview 08:10

This session will help you to understand Through which sources companies can raise their funds or capital, 

It Covers : 

A Glimpse of What are;

- Shares - Debentures  - Types of Shares - Types of Preference shares - Issuing of Shares.

Sources of Funds | Shares | Debentures
09:08
  • This session will give you an insight into the basic procedure of issuing shares by a company covering the different stages namely, prospectus, application stage , allotment stage  & calls. It also covers basic journal entries related to issue of shares.


Issue of Shares - Accounting Entries - 1
09:55

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5 questions

This session will help you understand the concept and entries of under subscription and over subscription of applications when shares are issued at par. Cases for calls received in advance and calls in arrears are also explained with their journal entries.

Issue of Shares - Accounting Entries - 2
11:09

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5 questions
Issue of Shares - Problem Solving - 1
10:56
Issue of Shares - Problem Solving - 2
09:30

Debentures are a debt instrument issued by a company on which fixed interest is given. 

Learn more about debentures, 

-Their features and different types based on factors like convertibility, redeemability, security, priority and transferrability in this session.

Introduction to Debentures
12:37

This video explains,

How the accounting of Irredeemable debentures gets's done. Right from its issue process till the entries passed in the books of accounts at the time of application, allotment & final call stage.

So it includes,  *Process of Issuing Debentures  *Accounting Entries when debentures issued at Par, Premium & Discount -For cash -For consideration other than cash  -As a collateral security

Accounting Entries of Debentures
10:55
Forfeiture and Re-issue of shares
06:54
Redemption of Debentures
10:47

Revision Session

Let's Revise
5 questions