ACCA F3/FIA - Chapter 5 - Returns, Discounts and Sales tax

In this video, I have explained the above-mentioned chapter in Hindi and English mix so that the students can understand the above topic easily and all their concepts are clear and their general queries are solved. There are a lot of points, charts, topics, and questions that I have left, and for that, you will have to buy the book. So for effective studying, keep the book handy while studying from these videos. Hi Guys. I will no longer be active on +91 . Kindly update my new numbers.
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ACCA F3 / FIA (Financial Accounting)
Diploma in Accounting and Business
I will upload more videos soon. Keep studying and in case of any query, kindly comment on the section below.
#ACCA
#F3 . .
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These videos are not associated with or approved by ACCA and the views expressed in these videos do not necessarily reflect the views of ACCA. .
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The purpose of this video is to explain the wording of this book in the native language so that students can understand the concepts in a better way and clear their exams with good marks. I, in any way, do not recommend students to download PDFs from unknown sources and get their prints for study purposes. It is ethically wrong. You should always buy books from a registered distributor in your country. Copyright - Kaplan Publishing Here is the list of new telegram study groups but before you join I want you all to know that no one is allowed to share any picture or PDF in this group. This group is solely for the purpose of discussing subject-related queries. And I expect all students to follow this.
If anyone wants the latest material, they can buy it from the authorized distributors of Kaplan/BPP in their country.
A student will be permanently banned from the group if he/she is found :
1. Selling any lectures/pdfs
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Kindly follow what I said and be ethical.
All the best guys.
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[@mr.dhirajkamat7721]

Your are the step of Acca students for become a sucessful

[@Happy9090-u9i]

I was +2 science student and I recently joined ACCA . Your videos became really really helpful for me . The way you explained is very simple. Much love from Nepal

[@Unknown_Being954]

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[@bhairavibenkar4716]

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[@mashalabid1216]

Your lectures are very helpfull for me in f3

[@CAAnshulMittal]

Thanks a lot Mashal

[@muznashoaib594]

Honestly no one could have explained this chapter to me better than you have. Really thanks, sir.
Watched the video till the end and also liked your instagram account. Keep making videos sir. Very much appreciate it.

[@CAAnshulMittal]

Thank you very much Muzna

[@goergejoseph7515]

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Ye wala sawal mushkil nahi bai ,chalo mein kra deta hoon ,kra deta hoon ,you are too kind 💞💖🌹

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Thank you for your efforts
May Allah bless you :)

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sir so helpful your lectures are......thanks a lot sir for helping students like us in this situation specially...great efforts and very nice style of teaching.....best vidoes and lectures for acca on entire youtube

[@CAAnshulMittal]

Thank you very much Dinesh

[@jainiparekh3801]

Your videos r really very helpful sir the way u have taught settlement discount is too good thank you sir for uploading videos

[@muhammadjunaid520]

love you sir your method of teaching is biriliant ❤️❤️❤️

[@zahraasifi1379]

Best teacher in the world thank you

[@ibrahimjameel]

Thanks for your support AccA student love you from Pakistan 😚😚😚😚😚😚🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰

[@NoormahammadHawari]

Thank you. Sir For your proper guidence. I 'm from. Nepal Kathmandu

[@gautampriya5466]

Born to become the bestest teacher 😁💙

[@shrutikadua7702]

Thank you so much Sir for this informative video

[@ahtashamhassan5194]

Very good sir
Very well explained

[@anirudhjahagirdar]

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[@sahilrawat7321]

Thank you Sir very much. I think that I am fail in my mid semester. But you help me a lot .Now I feel that good 😇😇

[@AHCricketbyBuledi]

more respect for you sir , from Pakistan
❤❤❤

[@rovenick9341]

Sir, at 32:15 in option 2 when the buyer pays within time, the entry can be:
Dr Cash 900
Dr DISCOUNT ALLOWED 100
Cr Receivables 1000
and it also can be:
Dr Cash 900
Dr REVENUE 100
Cr Receivables 1000
*Since Discount allowed is a expense/loss and when we Debit revenue it reduces our revenue(aka the loss is deducted from Revenue)
*Plz pin the comment

[@jamilamustafa1024]

yesss even i ve the same ques

[@rovenick9341]

@Jamila Mustafa yes brother, when we debit revenue it reduces revenue and when we Debit Discount allowed it increases our expenses.
Either way, the net effect is the same

[@aartisah5119]

Sir you are really a genuis

[@aakashsanjel1435]

Thank you so much for your incredible help.
I have subscribed to your channel and I also shared your channel among my friends. They all thanked me for letting them know this channel😅.. All thanks to you sir..
You are an immense help for us students.
Love from Nepal💙💯

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I love u sir😅😅 from Nepal ✌️✌️

[@saleemjutt6693]

thankyou soo much sir you cleared my discount and tax problem with this videos thanyouuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu.........................

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The best explanation ever seen

[@vaishnavi.pandey163]

excellent teaching sir , very good

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[@ArsalanKhanAk]

I watched complete video sir😊

[@suvanshmehta5187]

Thank you so much sir for your hardwork

[@yashjain5547]

Thank you so much sir for making such video for us it is really very helpful I have liked & subscribe your channel

[@CAAnshulMittal]

Thank you very much Yash.
Please also share my channel and ask yoir friends and knowns doing ACCA to subscribe and share my channel.

[@funnydose2364]

34:00 sir in the case of when anyone not avail the offer :-
In the first entry Paid within time when he is come in 14 days you wrote
Dr Revenue there instead of discount allowed.
Sir I just want to confirm from your side .
Thanks 🤝🏼

[@Ruuu12]

Thanks a lot sir. You’re great, helped a lot.
God bless you! ❤️

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[@PakistanimominDubai2526]

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Thankyou sir, lot of love from Pakistan❤🇵🇰💚

[@BaraatSahiby]

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Hats off❤

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[@pranitachhetri4411]

yes sir we love u a lots😍😊

[@aroobakhan1279]

Sir i had a query at 32:23 why did you write revenue 100 instead of discount 100? Initially when we'd made the bill it was for exactly 1000 we hadn't included the discount as we weren't sure if the buyer was going to pay back in the given period. Now that buyer was ready to pay back in the given period he qualified for the discount so how come there's no entry of dicount allowed?

[@theentertaner55]

exactly i had the same doubt

[@ZainAli-wc2hp]

I believe sir ne galti se disc allo ki jagah revenue likh diya hai

[@aliyajawaid4609]

Really helpful thanks a lot ❤

[@AbdulBasit-xt5dh]

LOVE 😍

[@salihadiaries]

Thank you so much sir…

[@KrishaKothari-f1r]

Sir for test your understanding 3, in the solution for thr first entry why did they write dr receivables cr revenue....rather than dr receivable dr discount allowed and cr sales?

[@AwaisKhan-p6k9b]

the best.

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Thanks uu sir very helpful lecture sir

[@completestudy3903]

Pranam
Jai Jinendra

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You are much appreciated ....GOD bless on you 😇

[@latestnovelscollection2397]

Thank you so much respected sir 😊

[@completestudy3903]

Pranam
Jai Jinendra
Watching this videos assuming that this(Which is shown in Video) Kaplan Book is a purchased or Availed from authentic sources only
Thank You Very Much

[@pappumandal1053]

thanks you sir...

[@thecurioussimran4491]

Sir in second case..when he is not availng the discount for the time being..so first entry of invoice would be
Dr.. Receivables 1,000
Cr.. sales 1,000
---------------------------------------------
Ab agr isme he has arranged money & paying within 10 days..then entry would be
Dr..Cash. 900
Dr.. revenue 100
Cr.. receivables 1000
Sir why we have debited Revenue ? I mean logically to we're allowing discount na..so why we're showing Revenue there kyuki revenue humko to ho hi nhi rha hum to discount de rhe hai🤔🤔

[@kabul-v7p]

on 12:00 when you are credditing kamen how to enter it into ledger account sir?

[@CAAnshulMittal]

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[@prathambarot3210]

thank you so much sirji

[@ArmanAnsari-pw7eq]

Thank you sir

[@AhmedAli-ie3fb]

Thankyou sir ♥️

[@husainmahdi5726]

Sir purchaser point of view se bhi karado cash/settlement discount 🥹

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Thank you soo much sir❤❤

[@emrozeazam1060]

Thank you

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Thank u sir.

[@saleemjutt6693]

sir pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee................. Purchase discount bi karwa den please i request you from Pakistan.sir you are great scholar in accounting really.

[@CAAnshulMittal]

Its already covered in this chapter

[@priyanshuthakur3889]

Sir hum sales ka perspective ke andar journal entry ma {(Dr) revenue} ki jagah expenses likhsakta ha kya?

[@gautampriya5466]

If monetary transaction didn't take place how invoice has been made??

[@abirahamed6501]

Best

[@rajuchaudhary9115]

Thank you sir👌🔥🤘

[@CAAnshulMittal]

Thanks and please share my channel

[@ramyakm9168]

Sir in purchase account option 1(avail the offer discounts)in that if not paid within time . what will be journal entry sir.

[@FluentifyEnglish]

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[@prabishabharati]

Sir , in the case where the customer first doesnt avail discount but thenl later takes the discount , how is that discount amount revenue ? Since we gave the discount isnt it loss for us?

[@CAAnshulMittal]

Yes it is a loss for us and we debit discount or revenue.. Revenue here means profit and loss since every expense or income is to be transferred to profit and loss account, we can either write discount or revenue

[@keshavvats3714]

i was also thinking the same

[@InvestTonomy]

Kya bbl padaya hai sirji

[@novadesigns8374]

Sir. I download the pictures from your Instagram page and use on my mobile wallpaper. I really like them the beauty of nature

[@CAAnshulMittal]

Thanks a lot for this

[@anushasohaib4731]

On the 2nd Option mentioned for cash discount, wouldnt that restrict from mentioning about the discount allowed in the books? and give a different view? for profit for the year (overstate)?

[@CAAnshulMittal]

Please message your query to me on my whatsapp number 9888737340

[@aahiajiwub]

sir thank you sir

[@mashalabid1216]

Thank u soo much sir

[@johnnysins3722]

thanks, sir

[@samsonayeni8282]

we that are non indians rely only watching the characters and not the explanation as its majorly iin Indian language

[@afiyakhan_ak]

Where can I get books for acca f3 ??

[@saleemjutt6693]

sir please discout receive ki complete entries ki videos bi upload kar den

[@shajee_haider]

sir kindly iski journal entrie btadei at 13:33 point 9.

[@varshagupta922]

Dr cash 30
CR interest 30

[@manishshah9788]

sir if hum time pe payment nahi kr paye toh entry yahi hogi na
dr paybles 1000
cr cash 1000

[@FathimathNahidha]

🙏🙏

[@umairimran6900]

followed sir

[@completestudy3903]

Sir, In 2nd option Why we are Doing Debit Revenue in place of Expenses ?

[@completestudy3903]

Sir, We can write Bank A/c in Journal Entries (If payment is made through Cheque) ?

[@sakshisaini6431]

sir test your understanding 6 ka ques krva do solve ni ho raa

[@harshkumar1914]

Sir purchase wala bhi karwa do 🙏

[@yashjain5547]

Sir aap ACCA ki F3 exam kit solve ki bhi video banao aana sir pls

[@CAAnshulMittal]

I'll do it for sure but first I have to make videos for F4.
Click on my latest video and check the description. I have shared a link to the whatapp group where you can ask your queries.

[@grabthe_bar]

How to be member of this TH-cam channel?

[@faisalnaseer5836]

I’m new on ur chanel sir , starting f3 ,
Pr jo kit upload ki apnh wo play ni ho rhi membership ka koi chakr
Plzz guide me how to become a member of ur chanel so i can also watch the kit solution u uploaded .
Thanxx!

[@CAAnshulMittal]

You will have to take subscription of the same.
This is the way to get it
Hello, here's a little trick for the International students, if you cannot get access to the "Join membership button" of this channel. The simple answer is use VPN, download and run any suitable VPN from play store , for instance "SECURE VPN" and then open youtube. You will see joining link there.
Then join 3rd level membership exam kit solutions

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Sir by cheque hota hai toh bank nahi likhte UK 🇬🇧 ke base pe

[@BaraatSahiby]

and also followed your nice ig account

[@CAAnshulMittal]

Thank you for that😊😊