FIFO Method (First In First Out) Store Ledger Account- Problem - BCOM / BBA - By Saheb Academy

In this video I have explained how to prepare Stores Ledger Account under FIFO method (First in First Out).
⏱TIMESTAMPS
0:00 - Intro
0:12 Concept
3:54 - FIFO Problem
LIFO - Last in First Out
• LIFO Method (Last In F...
Simple Average Price Method
• Simple Average Price M...
Weighted Average Price Method (AVCO)
• Weighted Average Price...
This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
Clear your doubts by direct messaging us on Instagram
/ sahebacademy
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#CostAccounting #FIFO #MaterialControl

[@KNOWINKANNADA.]

Legends are watching before the exam.. 😄

[@narayanhansdah5116]

😅

[@user-xg6hj7ix4t]

Yeah 😅

[@porter8770]

Bro you are talking to me fr like i only watch this video a day before exam 😂😂

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Hna yrr prso exam h 😅

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Yess yesss

[@debbyho8631]

I didn't understand this when my accounting teacher was teaching me but after I saw your video finally I got it! Thank you Sir!

[@SahebAcademy]

😊👍🏼

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Same bro

[@kannadanaadukarnataka3214]

Some bro

[@dameeshadananji8111]

OMG same..☺️💪

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Same!❤️

[@4tunegold]

I’m so speechless, you’re such a great teacher 😭😭😭 .
I solved a question for the first time and got it correctly … thank you so much 😭😭😭

[@factspecialist8185]

Tomorrow is my exam , Thanks for best video . Easy Explanation .🙌❤

[@cartoon_box_editz]

Bhai election me exam h??

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I never thought I could get addicted to these online videos and enjoy them so much instead of reading from a textbook. And considering the distance learning, we're doing these days we really appreciate such videos

[@CyherPrismo]

I never thought I could get addicted to accounting

[@rohanhamirani1854]

Whenever we get a receipt draw a line, copy that down & copy below.it's very helpful.

[@hermosalareina741]

Exactly

[@shashantpawar4667]

Though my English is weak, I'd understood it clearly, it's your teaching skills.

[@Mummu1320]

Thank god...that ur teaching is in english....we people like in south can't understand the hindi language....and in end i found u ...very happy to learn from u sir....thank u so much.... The way u twach is very understandable..... Keep rocking sir...🥰🥰🥰

[@SahebAcademy]

Glad to hear that😊

[@dvies07]

i was studying for months and didnt understand. finally i understood after watching your video. thank you so much sir.

[@SahebAcademy]

Glad it helped you😊

[@SaraKhan-nx4dg]

Same here

[@limweiyi7183]

Thank you for your video! At first I was so confusing in FIFO, after watching your video, I can 100% understood of it!!!

[@SahebAcademy]

😊👍🏼

[@puja9881]

I want more practical problems with FIFO method..and thank you sir ...love from odisha ❤❤❤

[@reecey1million671]

This was super easy to understand. The teacher just rushed through the chapter but the little drawings and explanation of what each stage meant was incredibly helpful 🙏 peace and blessings to you 🙏

[@user-xv4yr3ce5i]

Yes ❤❤

[@TheOddHolloway]

I am writing a character who is an accountant, and I decided to learn about accounting, just because. Looking up accounting on Google was not helping, then it dawned on me, I can just find videos on TH-cam! I really like how you have set up a lot of examples, just to really make it stick in our minds! I hate it when a school books just give two examples and expect you to know it right away, forcing you to read it over and over. You really helped me understand accounting a lot more, thank you!! 👍

[@SahebAcademy]

Do you write fiction?

[@TheOddHolloway]

That was fast lol. Yes, I do write fiction. :)

[@SahebAcademy]

Thanks for your lovely comment and Good luck with your book.

[@SahebAcademy]

😊👍🏼

[@TheOddHolloway]

Thank you! It’s actually just a cartoon comic I’m doing for fun X)

[@Gwendi]

I’d like to THANK YOU so much. I learned a whole chapter just from watching your videos. Thank you

[@agustd_6134]

You won't believe I'm having my AS exams in a few days and upto now FIFO was a very confusing part...you just made my life very much easier! Thank you so much!

[@lydiasentero9042]

This lecturer is an amazing and genius teacher 👏, keep it up i wish you could do the same on pro rata and suspense accounts.

[@sharmilaguna2666]

Thank you soooo much dude. Just watched this 6 hrs before my exam and it was damn helpful

[@MukeshSharma-xk7wn]

I failed to attend online classess, but after watching this video this was helpful for me thank uou sir

[@Its_vinnie38]

This is amazing. The first time I was introduced to it I didn't get it, but now I not only get that but also understands how its done, thank sir for this great work.

[@clarabaljasperb.8931]

I watched I think 5 videos about this FIFO method but when I watched yours, I truly understand its concept. Thank you so much 🥰

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I’m now addicted to your lessons to the extent that I wish everything I search for should be in your channel. The simple explanations you give are so easy to understand. You are such an excellent tutor. Compared to other channels I’ve watched so far you are the best. You deserve more subscribers my brother. Keep on doing good work. I recommend next time do us a favour by uploading:
1. Statement of comprehensive income
2. Statement of financial position of bnes

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Yor not alone bro 😂😂😂

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@@ayazzz8055 me too, am addicted from kenya,, also i want our teacher to upload income statement and financial position

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Best class I've got for free.....I've spent so much money at the college and they couldn't teach me a thing....hands off saheb academy.

[@SahebAcademy]

😄👍🏼

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Love from Bangladesh 🇧🇩🖤 It’s amazing 🔥

[@josephineduah2576]

Am glad I came here. Thank you. From Ghana, West Africa

[@BrooklynMBE]

For the First time in human History i just understand the FIFO method ✊🏽

[@aranillabeagabriellea.2527]

Thank you so much. During this pandemic, it's hard to self study but because of you, I understand it now. Thank you!

[@tomclancy3988]

This was simplified so effectively tysm. My concepts are clear and I can do sums efficiently as well. You're saving lives 🤗

[@AashiJain808]

Thank you sir 🙏❤️... you explained this method in a simple way..I understood everything crystal clear..💯

[@sheziusman4171]

omg that was an amazing class....i never understood it until the whole semester ends but it was cristal clear now

[@asthachoudhary0504]

You are such a pure soul ....today I understand this topic very easily...thank you so much ❤

[@amberslaton2819]

Thank you SO MUCH! You explain these concepts so clearly, with just the right amount of repetition.

[@Ricotswinter]

Exactly, dats wat we call repetitive

[@merveilkioto933]

This is extremely clear. Thank you very much 🙏 what I didn't understand in class, has been made easier and clearer here.

[@kemparajesh1651]

Tommorow im having internals so I searched this fifo now I got ur vedio and I got understood this problem , tq so much bro for explaining lyk this 😊😊

[@siddhidand7329]

Got a clear understanding finally! Amazing sir!💯🙏

[@deepshah2949]

Thankyou sir tomorrow is my internal exam and I was not able to understand it you made it so easy to me thank you sir thank you sir

[@prekshapreksha-hh5ez]

my teacher thought 3 times even then I was nt able to understand I saw ur video once I came to know this sum very well thankyou this my help for many of the students great job keep doing more videos thankyou soo much

[@krishsaini2502]

Me too i got it in one go

[@dameeshadananji8111]

Thank you sir..thank you very much..i watched your LIFO,FIFO,WAP,SAP videos..when my costing teacher taught this lesson..i didn't understand anything..but after watching your video ,i understood it..thankz again..it's happy to say i was abled to do this solution correctly at yesterday exam🥰. Thank you FROM SRI LANKA🇱🇰♥️

[@SahebAcademy]

Thanks...I am glad you did well in your exam😊👍🏼

[@MdRiyaz-lx9jw]

It was in my sem 1… I believe du bcom students watch and really need that during their sem 1. Many students don't even by books in du thus this can be useful so please consider republishing it before the sem 1 exams of du. It would be a great help.

[@sweety_goud]

I never understand account from my inter but now after seeing this video of yours i feel accounts is easy to understand thank u so much sir ♥️

[@Madiha_naaz21]

Thank you sir today my teacher taught me this and I was like 😩 but then I watched your video it helps abundantly...and I solve all my fifo question of the chapter.
Thank you so much sir, u are awesome ❤❤😍😍

[@aanchalsingh1720]

Knowing how to solve is important , but what matters the most is the conceptional clarity of what and why actually we are doing, and that also gives u an eye to understand value based complex question, which makes you different student than others. . Thnx bhaiya, I was exactly looking for what does exactly the word "FIFO" mean ☺. Keep growing. And i Must say , your voice is so soothing and sweet.😅

[@SahebAcademy]

Thanks a lot for your lovely comment😊👍🏼

[@irenedelosreyes3426]

I really² understand a lot because of a clear explanation. I am incoming first year of college and i am STEM before but my course is from ABM. THANK YOU!😊

[@komalvalmiki3546]

Itni sari videos dekhi but koi bhi achi nhi thi apki video ne toh kamal hee ker diya thanku so much 🥰🥰🥰

[@btsbeinglegends7415]

Sir, I don't know how to thank you for this.. I couldn't understand anything at class but after seeing your videos I understand whatever you say. I really appreciate your hard work to teach us and your efforts sir.. Thank you so much sir❤️

[@dharshinimathi1206]

Extremely clear. Awsom teaching.....

[@firdouss07]

Explained in such a way a person can understand in one go..❤

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ತುಂಬಾ ಧನ್ಯವಾದಗಳು ಸರ್ thank to i didn't undrestand when my CA teacher. Watching u video i got it

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I never though I could understand dis... It really made my day... The joy that I was able to get it right now....

[@priyanka-gy1re]

APPRECIATE YOU PUTTING SO MUCH EFFORTS INTO THIS!! THANK YOU THIS WAS VERY HELPFUL

[@SahebAcademy]

☺️👍🏼

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Thanks is their a way to have class to class if so it would be a good deed

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Boht Acha Explain Kiya ... I had always a confusion which has entirely "GONE NOW" -- Bundle of THANKS BROTHER

[@parniasorani7056]

it's interesting! Even though my language is not good enough to fully understand what you are saying, I still learned it. Thank you so much❤️

[@limasenlawalling8126]

I was really worrying and even cried not understanding this as I have exam from next week and just tried learning from TH-cam and wow...ican now easily solve fifo method....thank you so much sir

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Ur process of teaching is really extraordinary 💖💖

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Sir really appreciate your hard working to us... idont need another more teaching like you 🙏🙏🙏🙏

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Had class and this is what we learnt. After class, I was as blank as I was before class and a added bonus of confusion. But your video has helped me understand the topic, thanks!

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I didn't understand this when my accounting teacher was teaching this but after watching this video I literally got my doubts cleared!! Thanku very much sir

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Thank you so so so much sir , with very cleanness and absolutely mind-blowing teaching ,thank you again sir , i understood all the aspect of a sum 👍

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Thank you sir for making it so simple and very clear. I'm really enjoying all your teachings 💟

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🎉🎉❤❤❤

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I was finding it difficult to understand but after watching this video I was able to understand fully thank you so much. May God always journey with you.

[@Momomutchi]

Just his 2 min of explanation made me understand the whole concept wow , thank
You so much

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Your way of teaching is awesome... really ❤️❤️

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You’re like a ray of light in this dark night lol

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Tysm ❤️ yr apki vjh se ye smjh aai he vrna vg style nhi dekha mene kuch smjh nai aaya shukriya

[@user-hs4hv1hx6o]

I didn't understand this when my accounting teacher was teaching me but after I saw your video finally I got it ... Tq you sir

[@Dont411]

This vdeo is really beneficial to learn this method

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Thanku sir, this class is very helpful, thanks. 🙏🙏🙏🥰

[@anu7plut0]

i have my exam tomorrow and this video made everything so much easier, tysm for uploading them and helping us out.

[@jananiprabhakaran962]

Bro all ur video which is related to my studies were useful to me... My teacher took this sum but i have many doubts after seeing ur videos my doubts were cleared 🙏tq so much bro. The way u explain was awsome 🥳... Presentation too💯🥳...

[@defenselover7213]

Though I am not from a commerce background and watching this video for my BSF storeman exam. Your power of expression is far better than any ordinary person. Thanks from bottom of my heart.

[@defenselover7213]

Today I am here to tell you that I got AIR 1 in BSF Air Wing STOREMAN written exam.
Thanks from bottom of my heart 💓💖

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thank you soooo much for the explanation. It helped alot 😊🙏

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Wow,I could have come here before my assignment..the guy is a legend.. 😊

[@kutlwanomasilo6053]

WOW...THIS IS WONDERFUL,FINALLY UNDERSTOOD FIFO AFTER LONG SLEEPLESS NIGHTS OF STUDYING.THANK YOU SIR'

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This was very helpful. Thank you so much :)

[@vishaka2921]

Your voice is so cool.....😒😭😭😂.....💜💜

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Very grateful. Clearly explained ,Thanks

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And you are so cute 😅

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Thank you so much sir, I finally understand the concept!!!

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Before I see your video I was confusing. Now I got the point.Thank you sir.

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You were excellent, excellent I tell you! I subscribed as soon as the lesson ended, great video!

[@SahebAcademy]

😊👍🏼

[@xquisitty]

That was great AND you should do ASMR, I would listen alllllll day. Thanks!!

[@dengchan1357]

Thank you for providing me with what I am looking for in the course of store accounting.
My pleasure.

[@bangtansonyeondan4837]

Thank you so much. ❤❤ watching one day prior my exam totally understandably!!!!🎉

[@chaithrashetty5841]

My Dr sir tq soooo Much😍🤗🤗

[@SahebAcademy]

Study well dear😊👍🏼

[@SahebAcademy]

Tomorrow I’ll shoot LIFO video and problem in that video would be a big one and exam oriented.

[@chaithrashetty5841]

If u tech differently I will score more marks sir

[@zozoinyourarea3841]

@@chaithrashetty5841 how can he teach differently? That's the legit method to solve the problem based on LIFO!!

[@chaithrashetty5841]

@@zozoinyourarea3841
Helo Mr .. he is the oly person who tech everything .. we dnt hv a gud teacher in clg ..
Bt in TH-cam this sir chenal oly I study .. and last yr I got 92 in FM ..
U better dnt werry k....

[@heerathakur8445]

Tq sir
Your video is very helpful for us
Please you provide dealy new video

[@SahebAcademy]

I’ll try my best dear😊

[@tasdiqabbas464]

@@SahebAcademy sir upload overhead chapter and labour cost chapter please 🙏🙏🙏🙏🙏

[@faitholateju6590]

Thanks to you, now I understand FIFO. Your Handwriting Is So Neat and Lovely! Such a clear and simple-to-follow video, I Love how you carry us along at each step!

[@Amar-ys5gn]

Very nice teaching

[@nurfatihah1742]

sir what happen if the question starts with issued first,so its still need to copy a same way at balance?

[@ShaikAli-uc3rr]

Fantastic question sir answer her 👍

[@rjbasit8625]

I think previous balance may be given which we used for issues

[@GayathriGayi.p]

I really tq sir I was not at all enable to understand this FIFO method...!! My frds use to say but I was still in confusion only once I hve watch to ur video I got lots off clarity and understood in very much clear tq tq sir it helped me a lot to my internals test.....

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Thank you I really needed this, you’re a life saver. This is much better than my professors lecture

[@user-mg4ku6yl6c]

I'm glad I watch this video, it's really impactful.

[@k11117]

Brother you are genius !!
Your teaching skills are excellent
I watched many videos before your’s
I didn’t understand
But your video make me understand easily 💫❤️👌🏼thanks burh

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I called you my lecturer i wishyou be teaching me whaoooooooooooooo very clear it was like a drama in my lecture room but now you are the best i want to practice it

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Bhatkal se aisa teacher . Manu kas tuji mehnatt😊

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Saheb you are 💎..very simplified..well understood

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Sir, you're incredibly smart and kind. I respect you so much. Thank you sir 💗

[@tricek6912]

Finally I can understand this methods.. thanks so much

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YOU ARE THE BEST. U EXPLAINED IN A BEST MANNER

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Just before my final exam i choose to see this and learn and it was so easy that I learnt very fast and yesterday i got the results i passed.thank you so much

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my teacher taught me this and i didn’t understand it at all, so i came to this video and understood it imediately. Thank you very much sir.

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i didn't understand at all when my accounting teacher explained this to me
i had so many doubts and i was confused, but this video really helped. Thank you

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Thank you so much sir the way you were teaching this not only this but also entire videos gives some confidence and at the same time easy to understand for beginners who don't have any idea about accounting subjects ...please keep going sir ...the service you render to us is absolutely appreciable ..once again thanks sir

[@rachealphiri945]

Just wow am very lucky that I came across this lesson, thank you so much for making me understand