(Available also for Customised Training by Duration, Venue & Fee)
Course Contents
DAY ONE
Introducing the Components of Final Account
• Trading Account
• Manufacturing Account
• Profit and Loss Account
• Balance Sheet
Trading Account
• Opening Stock
• Purchases
• Direct Expenses
• Sales Account
• Closing Stock
• Profit
- Gross profit
- Operating profit
- Net profit
Manufacturing Account
• Raw Material
• Work-in-Progress
• Finished Product
• Raw Material Consumed
• Cost of Production
DAY TWO
Trading Profit and Loss Account
• Plus - Commission
- Interest
- Other incomes
• Less - Expenses
- Depreciation
- Interest payment
- Discounts
- Bad debts
Balance Sheet - Assets
• Fixed Assets
• Current Assets
• Cash and Cash Equivalents
• Intangible Assets
• Accounts Receivable
• Working Capital
Balance Sheet - Liabilities
• Current Liabilities
• Long-term Liabilities
Balance Sheet - Assets Grouping
• By Liquidity
• By Permanence
DAY THREE
Adjustments
• Adjustment Entries
• Accounting Treatment
• Reserves Fund
• Loss of Stock
• Free Samples.
