MeraSkill
CA CPT - Accounts
By Sheela Warrier
CA CPT - ACCOUNTS Duration (min:sec)
Accounting : An Introduction Meaning & Scope of Accounting Introduction Concepts Definitions Transaction vs. Event Why do we do Accounting Bookkeeping vs. Accounting Users of Accounting Information Subfields of Accounting Relationship with other discipline Limitation of Accounting Quiz
02:26 03:18 09:08 02:16 04:34 03:12 04:03 04:36 03:37 03:19 06:14
GAAP What is my profit Business Entity Concept Money Measurement Concept Going Concern Concept Periodicity concept Accrual Concept Matching Concept Cost Concept Realisation Concept Conservatism Concept Dual Aspect Consistency Concept Materiality Concept Fundamental Accounting Assumptions Summary Quality of FS Quiz
03:45 03:42 03:20 01:56 03:11 02:32 07:33 04:13 02:38 01:47 03:08 10:48 02:53 04:25 01:58 07:50 05:02 19:55
Accounting Standard Quiz
08:27 05:30
Accounting Policy Quiz
04:21 04:39
Measurement Principle Accounting Estimates Quiz
10:08 01:35 03:50
Accounting Concepts, Principles & Conventions
Accounting Standards Accounting Policies
Measurement Discipline
Total
02:55:49
1
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Accounting Process - Journal to Cash Book
Duration (min:sec)
Introduction to Double Entry System Accounting Process Introduction Overview of Accounting Process Double Entry Accounting Equations Accounting Equations-Example Rule - Debit & Credit How to Journalise How to Journalise-Example Goods Account Traditional Approach Golden Rule of Accounting Example of Traditional approach Nature of Accounts Quiz
04:11 05:14 01:22 07:40 09:34 05:51 04:39 11:56 05:59 12:22 03:02 07:51 09:23 07:21
Journal Introduction Formats of Journal Example Journal Entry Special Transactions- Bad Debt & Recovery of bad debts Special Transactions- Outstanding ,Prepaid Special Transactions- Goods distributed as sample, wages Special Transactions- Misc Items Recap Journal Quiz
04:03 03:54 28:19 09:22 09:43 06:34 07:07 04:13 06:47
Ledger Introduction Ledger Format Example Ledger Debit vs. Credit Balance Quiz
03:59 04:39 28:57 01:32 09:12
What is Trial Balance Methods of Preparing TB Example -Preparation of TB Limitation of TB TB-Suspense & Closing Stock Summary Quiz
10:16 01:46 13:18 03:48 07:31 05:14 03:06
Introduction to Subsidiary Book Types of Subsidiary Accounts Advantages of Subsidiary Books Purchase day Book Example-Purchase day Book Sales Day Book Purchase & Sales Return Day Book Bills Receivable & BP Book
03:52 05:20 02:05 04:36 09:20 06:26 04:16 01:29
Journal
Ledger
Trial Balance
Subsidiary Book
2
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Journal Proper Where to record Summary Quiz
06:36 01:55 03:11 05:31
Cash Book Formats of Cash Book Examples of Cash Book Posting from Cash Book Petty Cash book Examples of Petty Cash Book Quiz Sale through Debit & Credit Card Final Quiz Conclusion
05:28 08:35 05:48 08:19 05:12 03:13 03:59 01:19 14:24 12:11
Cash Book & Petty Cash Book
Total
06:32:50
Duration (min:sec)
Bank Reconciliation Statement Bank Transaction flow Introduction Types of Bank account How Cheques are issued Clearing Process Why Timing Difference Bank Transaction communication Cash Book Vs. Pass Book Terminology Quiz 1
01:36 03:55 06:02 04:23 03:23 04:48 03:32 06:22 05:47
Why BRS Quiz 2
08:14 03:48
Reason for Differences Format of BRS Overdraft Increase /Decrease Adjusted Cash Book Quiz 3 Conclusion
12:07 04:41 19:36 05:31 07:48 10:41 02:16
Why BRS
How to prepare BRS
Total
01:54:30
Capital & Revenue ,Contingent & Rectification of Error
Duration (min:sec)
Capital & Revenue Introduction What is Capital & Revenue Expense Implication of Wrong Recording
04:39 14:45 04:29
3
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Deferred Revenue Expense Example Conclusion Revenue vs. Capital Expense Revenue & Capital Receipt Quiz Conclusion
04:59 10:24 04:20 05:14 11:23 07:26
Introduction Contingent Asset Contingent Liability Example Recap Quiz
01:36 04:08 04:27 13:50 04:07 01:28
Introduction What is Rectification of Error When do error occur Types of Error Quiz When is error detected Error detected before TB Error detected after TB Example after TB Error detected after Final Account Concept Impact of error on Profit Example Impact of error on Profit Final Quiz Conclusion
04:19 05:17 19:20 10:59 02:09 03:36 19:18 09:55 07:41 09:16 03:30 16:15 16:08 05:59
Contingent Asset & Liability
Rectification of Error
Total
03:50:57 Duration (min:sec)
Inventory Introduction to Inventory Introduction Index Terminology Business Flow Types of Inventory
01:16 02:31 08:12 02:47 14:39
Relevance of Inventory Valuation Matching concept Increase Decrease Equation Gross Profit Margin Example of Equation & GP margin Summary End Relevance of Inventory Valuation Quiz1
02:26 10:23 03:56 06:08 12:03 04:55 03:24 03:33 11:42
Relevance of Inventory Valuation
Basis of Inventory Valuation
4
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Basis of Inventory Valuation Purchase Cost Methods of inventory valuation FIFO LIFO FIFO vs. LIFO Simple and Weighted Average Comparison LIFO vs. FIFO vs. Av vs.WAV Non Historical cost Quiz2
06:30 10:06 04:38 05:42 06:36 03:11 04:25 03:12 09:28 07:34
Accounting Records vs. Costing Records Inventory Recording system Stock Taking Quiz3 Conclusion
04:47 13:19 08:27 12:07 09:12
Recording Inventory
Total
03:17:09 Duration (min:sec)
Depreciation What is Depreciation Introduction Index What is Depreciation Why do we Depreciate When do we start depreciation Summary Quiz
00:57 02:58 14:49 06:31 01:22 02:48 08:06
Measurement of Depreciation Methods of Depreciation Straight Line Method Accounting Entry -Method 1 Accounting Entry -Method 2 WDV Method Comparison between St line & WDV Method Sum of Years digit method Machine Hour Method Depletion Method Production Unit Method Summary Method of Depreciation Quiz
11:11 04:09 07:06 08:45 08:52 08:38 07:21 05:35 03:23 03:36 02:58 07:06 06:31
Introduction to Related Topics Change in Method of Dep Revaluation of Asset Revision of Estimates Prov for Repairs & Renewal Summary Related Topics
01:25 11:49 07:33 05:23 02:57 05:25
Measurement of Depreciation
Related Topics
5
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Quiz Conclusion
18:17 08:41
Total
03:04:12
Duration (min:sec)
Final Accounts Introduction & Trading A/c Introduction Why do we have Final A/c Trading A/c through Equation Formats of Trading A/c Closing Entry Example Trading Account Closing Stock Abnormal Loss Calculation after and before % GP Margin
03:00 06:48 11:45 04:07 05:24 06:56 06:53 05:14 08:40 16:16
Introduction Formats of P&L A/c and Closing Entry Trading and P&L A/c Examples Quiz Year end Adjustments Income tax Outstanding Expense Prepaid Expense Accrued Income Income received in Advance Manager Commission Bad Debt Prov for Bad Debt Prov for Discount on Debtors Year end Adjustments Summary
03:36 03:41 08:56 03:02 12:21 01:34 01:26 08:27 06:47 05:51 07:06 09:30 05:45 12:39 08:04 04:42
Introduction Formats Example BS from Trial Balance Profit computation from BS Quiz
02:20 02:13 04:25 04:23 05:03 11:50
Introduction Format Example Manufacturing, Trading and P& L Limitation of FS Final Quiz Run down of TB Conclusion
05:26 03:43 10:17 10:46 06:31 21:09 12:09 07:04
Profit & Loss Account
Balance Sheet
Manufacturing Accounts
6
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Total
04:45:49 Duration (min:sec)
Consignment What is Consignment? Introduction Concept- What is Consignment Sale Vs. Consignment Procedure & Related Terms Example Commission Recap Quiz
03:40 06:22 03:54 21:49 07:58 06:10 07:11
How to ascertain Profit Nature of Consignment Account Accounting Entry Books of Consignor Examples Valuation of Consignment stock Examples Accounting Entry Books of Consignee Del credere Commission Summary of Accounting Entry Quiz
04:26 03:08 20:40 12:56 05:19 12:43 09:18 09:08 04:18 07:11
Abnormal Loss Examples Abnormal Loss Normal Loss Examples normal Loss Invoicing at higher Price Examples of Invoicing at higher price Quiz Advance in consignment Security against consignment Final Quiz Conclusion
10:13 14:47 04:22 08:13 05:11 10:06 16:19 07:16 04:54 29:16 09:40
Consignment Accounting
Consignment Related Topics
Total
04:26:28
Duration (min:sec)
Joint Venture What is Joint Venture Introduction What is Joint Venture? Joint Venture vs. Partnership
02:54 04:19 08:11
Methods of JV accounting Separate Set of Book Accounting Entry Separate Set of Books Example 1 Example 2
10:42 05:17 11:30 13:38 07:07
Joint Venture Accounting-Separate Book
7
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Summary Quiz
04:31 10:37
Accounting record all transaction Example 1 Example 2 Accounting record own transaction (Memorandum Book) Example1 Example2 Treatment of special Items Examples special Items Summary record all transaction vs. Own Transaction Final Quiz Conclusion
07:40 10:55 07:32 06:02 05:43 12:04 07:12 08:40 09:37 18:18 05:35
Joint Venture Accounting-Same Books
Total
02:58:04 Duration (min:sec)
Bills of Exchange & Promissory Note What is Bills of Exchange & Promissory Note Introduction What is BOE When do we need BOE Parties to BOE Promissory Note Diff Between BOE & Promissory Note End of Currency Note & Foreign Bill Summary Quiz
03:13 12:00 04:25 09:31 07:57 03:42 01:55 04:16 06:14
Bills Receivable Payable Accounting Entry Dishonour of Bill New Bill at Maturity Entry in the Books of Debtor Dishonour & Insolvency Accounting Entry Summary Quiz
05:05 18:58 24:24 04:27 08:08 13:28 13:25 17:38
Maturity date of bill How many days in a month Example- Date of Maturity Public holidays Renewal of a Bill Retirement of Bill Quiz Accommodation of Bill Accommodation Problem Bills for Collection Bills Receivable & Payable Book Quiz
06:31 03:19 04:51 02:08 07:18 07:08 14:21 07:09 11:58 01:22 06:03 10:29
Accounting Treatment
Period of Bill
8
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Final Quiz Conclusion
17:18 18:25
Total
04:37:06 Duration (min:sec)
Sale of Goods on Return Basis What is Sales Return Introduction Index Meaning of Sales Return & Why do we have Sales Return Policy
00:48 01:46 09:04
Accounting Records for Occasional Transaction Exercise Mini Quiz Accounting for Frequent transaction Exercise Accounting for Numerous transaction Exercise Mini Quiz Summary
10:52 05:50 04:33 17:33 07:30 10:10 09:57 10:48 05:43
Accounting Treatment
Total
01:34:34
Partnership :Introduction, PL Appropriation, PSR & Goodwill
Duration (min:sec)
Introduction to Partnership Introduction Why & What is Partnership? Limited Liability Partnership (LLP) Partnership Deed In absence of agreement Example
02:51 07:20 02:42 05:07 03:00 02:47
P&L Appropriation Account Examples Fixed & Fluctuating Capital Interest on Capital Interest on Drawings Fixed amount withdrawn every month Example Guaranteed Min Profit Example Quiz
07:23 08:14 05:30 07:41 08:45 07:45 02:03 04:06 03:54 26:28
PSR PSR-change in ratio PSR-Admission PSR-Retirement
04:04 06:11 11:29 10:37
Profit & Loss Appropriation A/c
Profit Sharing Ratio
9
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Quiz
23:13
What is Goodwill? Valuation of Goodwill Av Profit Method Wt. Av Profit Method Super Profit Method Capitalisation Method Annuity Method Summary Accounting Entry Quiz Conclusion
07:23 02:12 05:18 04:03 04:41 02:28 10:13 02:57 14:28 07:31 06:51
Goodwill
Total
03:49:15
Partnership :Admission,Retirement & Death
Duration (min:sec)
Admission of Partner Introduction Effect on Admission Change in PSR Why Existing Partners are compensated Goodwill at Admission Goodwill Premium Goodwill Premium Retained in Business Goodwill Premium Withdrawn by Partners Goodwill Premium not brought by new Partners Example 1 Goodwill Example Goodwill Hidden Goodwill Quiz Revaluation of Assets & Liabilities Accounting Entry Revaluation Account Example Memorandum Revaluation A/c No Revaluation A/c Accumulated Profit Example Quiz
01:22 07:09 15:27 10:47 08:49 11:40 08:15 02:05 02:20 07:22 09:17 04:20 11:21 08:40 02:07 07:08 08:46 01:52 02:35 10:10 05:40
Introduction Gaining Ratio Goodwill Revaluation Account Example Memorandum Revaluation A/c No Revaluation A/c Accumulated Profit Life Policies Joint Life Policies Method 1
08:06 03:50 04:39 07:03 08:34 01:30 05:30 07:09 06:26
Retirement of a Partner
10
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Joint Life Policies Method 2 Joint Life Policies Method 3 Summary of JLP Single Life Policy Final Settlement Examples Quiz
06:49 11:47 05:56 02:20 05:42 10:43 12:21
Introduction Example Joint Life Policy Example Quiz Final Quiz Conclusion
04:34 01:14 04:40 05:33 06:28 07:04 10:41
Death of a Partner
Total
04:55:51
Introduction to Company Account & Reissue & Forfeiture of Shares
Duration (min:sec)
Introduction to company Account Introduction What is Company Types of Company Intro to Format of FS BS as per Schedule 6 PL as per Schedule 6 Summary Quiz Share Capital Calls in Arrear & Advance Types of Share Quiz Conclusion
02:08 12:14 25:22 01:13 22:15 04:57 02:30 08:01 16:31 02:11 10:54 09:39 06:14
Introduction How Shares are Issued Issue of Share at one instalment Over & Under Subscription Issue of share at premium Using Security premium account Example-Issue of Share at premium Issue of Share at discount Issue of Shares in Instalments Pro rata allotment Calls in Arrear Interest on Calls in Arrear & Advance Quiz
03:05 05:56 07:21 02:17 02:15 03:17 03:23 04:48 12:22 11:16 10:28 02:18 11:34
Issue of Shares
Forfeiture of share
11
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Intro Forfeiture of share Accounting Entry Forfeiture Forfeiture of share originally issued at discount Forfeiture of share originally issued at Premium Forfeiture vs. Surrender of Share Examples of Forfeiture Summary Forfeiture of share
03:26 08:32 06:41 16:24 01:09 06:43 01:57
Intro to Reissue of Forfeited share Reissue Accounting Entry Reissue at Premium Reissue at Discount Summary Quiz
05:50 06:19 04:17 08:25 03:02 12:19
Introduction to Issue of Shares other than cash Issue of Shares to Owners Example Issue of Shares to Vendors Example Quiz Summary Final Quiz Conclusion
02:49 01:50 04:32 10:38 16:50 04:52 02:51 16:34 11:16
Reissue of Forfeited share
Issue of Shares other than cash
Total
06:01:45
Redemption of Preference Share & Issue of Debentures
Duration (min:sec)
Introduction to Preference Share Intro to Topic Index What are Preference Share
00:49 01:23 11:21
What is Redemption of Preference Share Prov of Companies Act on Redemption Accounting Entry for Redemption How to Calculate Proceeds of Fresh Issue Example of Proceeds of Fresh issue Redemption out of profit Redemption combination of Fresh Issue & Capitalisation Quiz Conclusion
07:10 15:33 10:42 06:11 12:08 07:31 24:40 14:34 07:21
Index Why Debentures What are Debentures Diff Between Equity vs. Debentures Types of Debentures
02:14 05:11 04:16 06:01 05:14
Redemption of Preference Share
Introduction to Debentures
12
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Quiz
06:17
Issue and Redemption of Debenture Accounting Entry Examples of Accounting Entry Issue of Deb in Instalments Issue of Deb for consideration other than cash Deb issued as collateral security Quiz Treatment of loss on issue of debenture Interest on Debentures Accrued Interest on Debenture End of Quiz Conclusion
07:13 21:45 14:06 01:39 14:04 09:13 09:13 08:30 10:50 05:21 10:08 07:49
Issue of Debentures
Total
04:28:27
13
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