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