Financial statements of sole proprietorship | Trading account | Profit and loss account | Class 11
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- เผยแพร่เมื่อ 7 ม.ค. 2023
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Financial Statements | Class 11 | Accountancy
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Opening stock:- 5000
Sales:-16000- sales return:-1000= 15000
Gross profit:-6000
Carriage inward ( direct expenses) :- 1000
Purchase:- 10000- purchase return:-900=9100
Find:- cost of goods sold and closing stock
COGS = sales - gross profit
15000-6000=9000 Ans.
COGS=opening stock+ net purchase+ direct expenses - closing stock
9000=5000+9100+1000-C.S.
9000=15100-C.S.
C.S=15100-9000
Closing stock= 6100. Ans.
Thanku so much sir thanku so much aitna acha samjhane ke liye 😊😊😊😊😊😊
Nice brother💟
Mein answer hi dhoondh rha tha bhai... tally karne ke liye ki sahi kiya h ki nhi... thnx
mera bhi same answer aya 👍👍
Same Answer 👍
H/w,
COGS = Net Sales - Gross Profit
= 15,000 - 6000 = ₹9000 Ans..
COGS = O/S + Net Purchases + Direct Expenses - Closing Stock
9000 = 5000 + 9100 + 1000 - C/S
9000 = 15,100 - C/S
Closing Stock = 15100 - 9000 = ₹6,100 Ans..
Ans is, COGS = ₹ 9,000
C/S = ₹ 6,100
Thank u bro pura solve karne ke liye mere mein 200 kam pad rahe the mis ho raha tha kahi mera thank u ✨💯
Thank you bro ❤️
@@ANISH_FX glad it was helpful bro
@@anantverma4274 your welcome🖤
Thanks bhai c/s nhi find kr pa rha tha
May all viewers get 95 % + in 2022_2023
I need 95+ 😭😭
Me too😔
Thank you 😁
My man 🐐🫡
Thanks brother
COGS = 9,000
Closing Stock = 6,100
Sir, this is the answer of your given homework.♥️
Mera nhi aaya😭
Can u please send me a full solution.
Me too ritesh ji
Trading A/C
Dr cr
Part. ₹ part. ₹
To op st 5000 By sales 16k
To purch.10k -Ret 1k-15k
-Ret. 900-9100 *By cl st -6100
To carg inw 1k
To GP 6k
Total- 21,100 21,100
*COGS=o/s+N/p+D/E-c/s
=5000+9100+1000-6100
=9000
👍
@@rodex00hero41 sales- Gross profit = cost of good sold
From these formulas we can get cost of good sold
And then apply cost of good sold and through this formula we can get closing stock
@@rodex00hero41 Gross profit=net sales -cogs
By this formula,6000=15000-COGS
SO Cost of goods sold=9000
Now for finding closing stock use formula
COGS=Opening stock+net purchase+expense-closing stock
9000=5000+9100+1000-Closing stock
By this Closing stock=6100
Sir you are the best teacher of commerce on you tube. Really appreciate your efforts sir👍👍
Best teacher for entire commerce stream students.
Keep supporting us 🙏
commerce wallah ko na bhulo mann ho to mera pakad ke jhulo
Apne bap ko bol raha hai nalayak....
Tomorrow is my Accounts exam and I'm Practising a lot seeing your videos.Thankyou so much sir for great explaination!❤️
How was your exam
🥲mine is tomorrow
@@halalRIzz Not so bad I would've done better,the paper was lengthy 🥲
Cogs= net sale - gross profit
Cogs= 15000- 6000
Cogs=9000.......❤❤
Closing stock = opening stock + net purchase + direct expense - cogs
5000+ 9100+ 1000- 9000
Closing stock = 6100....❤❤❤
Sir you are the best teacher in commercial world 🙏🥰🤘🤙🥰😇 thanku sir
This video is the third part of final accounts and the last video has been uploaded 3 days back. Rajat sir teaches 11th and 12th bst, accounts and economics mainly and I was from arts background. I used to study economics from him and had no idea that I would ever be able to again study from him via TH-cam.
But
Now I have opted for BBA LLB and have no idea about what is ACCOUNTING and really screwed up with it.
But look, here am i
preparing for my university exams from these videos. Hats off sir. 🤌
You're a gem teacher making life easy.
This is underrated comment
U should have opted for ba llb lol ( ps even if u r thinking of being a corporate lawyer choosing ba won't affect you in any bad way neither choosing bba will benifit you )
Sir, I am practising a lot from your videos and thankyou so much for that.Well the Answer of the Home work question is.....
COGS= 9000
CLOSING STOCK= 6100.
Bestest teacher of commerce I want this type of teacher in schools also. 💗
Bestest!!?
@@Charlie0o0 bro made super superlative degree 😅😅
Parag sir for detailed explanations .❤️
And rajat sir for revision few days before exam.❤️
They both are assets for commerce students...
Questions 4.)
Ans. COGS (Cost of goods sold) =9,000. &. C/S (Closing stock)=6,100.
Cogs is 8000
@@kingpurohit999 bro nahi 9000 hai
Bhai log mera closing stock 5100 Aya hai aur cogs 10000
@@badalchoudhary1318 sorry bro you are wrong
Bhai kaise solve kiye ho
sir homework ques.
ANSWERS
COGS=9,000
closing stock=6,100
Thank you so much for this video sir 🥰
Mera bhi same Aya Bhai
Thank you sir for extraordinary videos
Best sir of education 👍👊👌🙏🏻
Last question (cost of goods sold = 9000)
Closing stock = 6100
Bro closing stock kaise nikal
@@theartaddda4699 SALES - GP
Sir
Closing stock =6100
Cogs=9000
(Home work)
Sir please also upload entrepreneurship videos🎥
How can you explain?
@@tanuja1966 what I have to explain
@@tanuja1966 first apply in cogs = net sales - Gp = 15000 - 6000= 9000
And then change this formula cogs = o\s + N.purchases + d\e -c\s into c\s = o\s +n.p+d\e -cogs
Solve this ~ c\s = 5000 +9100 + 1000-9000 =6100
First find cogs
So easy yar 😊
closing stock 5100 hona chahie na
❤️❤️❤️. Best teacher best person
Sir your best teacher God bless you 😇🥰
Hw ques 👍
COGS=Net sales - Gross profit
=15,000 - 6,000
= 9,000
Closing stock = 15,100 - 9,000
= 6,100
Thank you so much sir my accounts is really improving now that's all because of you ✨ 💫 💐keep teaching us ⭐
15,100 answer kaisa arra
@@CuteHeart-up7fuexperience h
@@CuteHeart-up7fucogs ko add Kiya
Opening stock + net purchased + direct expenses ( carriage inward ) - closing stock
Costs of goods sold 9000
Closing stock 6100
Sir this is the answer of your given homework ♥️
I am happy that i got teacher like u sir
hello sir, i m manisha from canada and i m started to learn account from your you tube video.. and i m learn lot of from you so thank you so much sir
Cost of good sold =9000
Closing stock =6,100
Same bro
Bhai closing stock kase nikal liya wo samjh me nahi aya..
Cgs=net sales -gross profit
Cgs=15000-6000
Cgs =9000
Ae tou hogya iske batt
@@blazezenos4069 Cogs = o/s + net purchases + direct expenses -c/s
To calculate C/S = o/s + net purchases + direct expenses - cogs
= 5000 + 9100 + 1000 - 9000
= 15,100 - 9,000
=6,100 Ans. (Closing Stock)
@@Vanshika.. tnx bro mujhe v samajh nhi aara tha but aab samajh aagaya. 💓
Thank you so much sir ❣️😚.
You are really helping us..
Please upload new videos of this chapter and next chapter as soon as possible.. please sir😊😊😊
Sir you are the best teacher in commercial world ❣️❤️❣️❤️❣️
Best teacher in the commerce ❤❤❤❤❤❤❤
Sir please upload more videos for this chapter soon.... Thanku sir for the best content and explanation 👏🙏
Kass mujme bi itne padhne ki garmi hoti 🙂
Commerce king in the world 🌎 rajat arora sir❤
Yes 👍
COGS = net sales - gross profit
15000 - 6000
COGS = 9000.
COGS = opening stock + net purchase + direct expenses - closing stock
9000 = 5000 + 9100 + 1000 - closing stock.
9000 = 15100 - closing stock
9000 - 15100 = closing stock
Closing stock = 6100
Literally sir you are also bast ❤
Hi juniors.
I'm from batch 2022-23.
I just want to tell u all that if u are following his guidance with honesty and hardwork, believe me you will achieve grt marks. I'm pursuing bcom honours still here to watch his videos for semester 1 syllabus ❤
Me too...
My exams are starting from 27 february. So please upload some important questions for full accounts syllabus .
And i really like ur videos, they are really informative. Thank you. ❤
Heyy
Thank you so much sir pura clear ho gaya all doubts 🙏🏻🙏🏻
Great job...
COGS 9000 and closing stock 6100 👍👍
Bro solution de do
H/w
Cost of goods sold= 9,000
Closing stock= 6,100
correct
You are the best teacher in commerce stream👍👍
sir you are best teacher of the world
Cost of goods sold in the last question will be Rs9000 (Net Sales - Gross Profit)
Or,
(Opening stock+ Net Purchases +Direct Expenses - Closing Stock)
And Closing stock= (opening stock+ Net Purchases +direct expenses + Gross Profit - net sales) = (21100 - 15000) = 6100
Same here
Same but diff formulae
Bhai same to same jo upar Maine mention Kiya hai bracket me.
Aise agar nahi samjh aa raha to ek baar iss question ka trading account pura draw kar lo copy me easily clear ho jayega....
@@janviarora767 Tum sir ki bathiji toh ni ho 😂
@@suyashsoni9740 🤣🤣🤣
+1
Sir please start BBA course on your channel🥺.
🤑🤑 Nice Explanations of Accounts and Economics
Thank you 💐🌹 Sir Aur Adjustments ke baare me bataoo na
Mainly explain about the types of bad debts
Cost of goods sold=9000
Closing stock=6100
You are great sir 🙏
Please start college level lectures also.... after 12th it's really very difficult for us to study.... your lectures are really very helpful sir... please start college level lectures also... it's a humble request 🙏🙏
Sir please reply 🙏
@@soumyathakur5650 ye nahi ho sakta ha
Yes, sir please start College level lecture...
It's also my humble request 💓
@@areyouhungryfunpage2.051 Why?
Nice video guru ji thanks 🥰😊🙏🏻
thank you sir ♥️
Batch 2023-2024 attendance🙋♂️🙋♀️
HOME WORK - closing stock =6100
cogs - 9000 . THANKS FOR THE AMAZING SESSION SIR 🥰🥰😇
NICE..SAME HERE
👍
Love you ❤️ sir biggest thanks
Thank you sooo much sir❤❤😊
All the best for your Tomorrow accountancy exam 👍
Teri mummy ko chodunga accounts hota madharchomd
Sir closing stock value is 6,100
And cogs is 9k
Closing stock = Gross profit (the profit which is given in the question) - Actual profit (net sales - COGS)
Thank you sir for teaching
Cogs= 9000 , closing stock = 6100 ❤️❤️
Sir finally I got the ans 🤧 thnqq soo much sir for ur wonderful teaching & ur helpful videos ❤️❤️❤️
How??
Closing stock =( opening stock + net purchase +carriage inward +gross profit - net sales )
5000 + 9100+1000+6000-15000
= 6100
C.O.G.S = opening stock + net purchase + direct experiences - closing stock
5000+9100+1000-6100
=9000
Thanku so much sir ❤
Thankkkk youu sir❤❤❤❤love you so much❤❤❤❤❤❤❤❤❤❤❤❤❤❤
To opening stock=5000
To purchases=10000
-purchase return=900=9100
To carriage inward=1000
Gross profit=6000
Total=21100
Cr. Side
By sales=16000
-sales return=1000=15000
21100-16000
=6100 closing stock
And
Cost of goods sold formula=opening stock+net purchases+direct expenses-closing stock
=5000+9100+1000-6100
=9000 C. O. G. S😍
Same
C/s =5100 aayegA
For people wondering about the answer to last question COGS - 9000
( COGS : NET SALES - GROSS PROFIT.
15000- 6000 =9000 )
and closing stock is 6100
(COGS : OPENING STOCK+ NET PURCHASES + DIRECT EXPENSES - CLOSING STOCK
9000: 5000+9100+1000 +X(let closing stock be x)
X : 5000+9100+100-9000
X: 15100-9000
X: 6100 )
Answer is right but no need for taking x we are doing Accounts and maths 😂😂
Answer is right 💯
Thank you so much sir 💓
thank you sir
First comment kiya
Like to milega na meri jaan🙂
Sir congratulation for 20M🎉
Owesome Video Sir....
Thankyou so much Sir for your effort❤️
Love you sir 💗💗
Awesome 👍😎
Thnku so much 🥰 sir
COGS= 9000
Closing stock= 6100 .
Thank You sir for easy explanation 🤍👍🏻
Please sir upload the next video with adjustment as soon as possible 🙂
Sir, please post more videos of this chapter quickly. I have an exam on monday🙏🙏🙏
Thanks 👍 sir
Thanks sir....:)
Nice sir 😍😍
Thank you sir.. for ur video ❤
Sir operating profit ek bar bta digiye n plz ....
best teacher
🥳Congratulations sir you have completed 2 million today on ➡ 06/03/2023 ✨
college started and still learning from here, thank you Rajat bhaiyaa!
thnku sir 😭
you are a gem of a person sir❤ thanks a lot for the teachings
aap bhi commerce student hou kya
Sir , Home Work
COGS = Net Sales - G/P
So , 15,000 - 6,000
= 9,000 Ans.
And Closing Stock = O/S + Net Purchase + Direct Exp. - COGS
So , 5,000 + 1,000 + 9,100 - 9,000
= 6,100 Ans.
COGS = 9,000 and C.S. =6,100 thanks a lot for this video sir ❤
Sir our exams will start from the first week of February
That's why I want to learn as soon as i can
Bhaiyya apke video keliye hi wait kar raha tha . Also humlogo ka exam Feb ke 2nd week se start hoga ......
Nice sir
Sir please make a video on how to score high in business studies or how to write answers of business studies
FINAL MBA EXAMS FIRST SEM
20 FEB ONWARDS
SO PLZ SIR KEEP CONTINUING THIS SERIES OF VIDEOS
Your videos speechless 😶😶
Thanks sir For uploading such good videos
That's so nice of you ❤️💕
Hi u are also in 11?
Dude you's dance is too amazing 😉
Super
Need vid on redemption of debentures sir
14:30 HW.
Cost of Goods Sold:-
= Net Sales - Gross Profit
= Rs. 15,000 - Rs. 6,000
= Rs. 9,000.
Closing Stock:-
= Opening Stock + Net Purchase + Carriage Inwards - Cost of Goods Sold
= Rs. 5,000 + Rs. 9,100 + Rs. 1,000 - Rs. 9,000
= Rs. 6,100
Sir pls jaldi se financial statements with adjustments ki video bhi daal do 🙏🙏🥺
Air Once explain subsidiary books in accountancy
p&L a/c me hum income n expenditure likhna hota hai ya fir particulera
Thank you sir ji😊😊
Hi
Sir,
Closing stock 6100
Cost of good sold 9000
Thanks sir 🙏