Adjustment of Bad Debts & Provision for Doubtful Debts || Financial Statements with Adjustments ||

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__________________________________________________________________ Hey Everyone:)
Class # 4- Financial Statements With Adjustments
In this video, we have discussed the most complex and important adjustment of Financial statements which is Provision for Doubtful Debts.
I have tried to explain each and every concept in detail so that apko yaad krne ki zaroorat na ho, concepts smjh me a jaye✅
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Download the'"Avyukt "Applicaiton for Live Classes and Notes:
on-app.in/app/h...
FOR IOS USER
We are in the process of expanding our online classes in apple store. Right now, you can register through your laptop/desktop.
Step 1. Go to web.classplusa...
Step 2. Enter batch code: 'ymtcr' then click on verify button
Step 3. Login with your mobile number
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#Class11Term2Accounts #AdjustmentofProvisionforDoubtfulDebt #FinancialStatementsWithAdjustments
#FinancialStatementsAdjustments
#AdjustmentsinFinalAccountsCLass11
#HowtosolveQuestionofFinancialStatementwithAdjustments
#AdjustmentofPrepaidExpenses
#AdjustmentofAccruedIncome
#AdjustmentofIncomereceivedinAdvance
#FinancialStatementsWithADjustmentsClass11
#AdjustmentEntry
#AdjustmentofClosingStock
#ADjustmentofOutstandingExpenses

[@vidishasinha.]

Trust me, best teacher i ever known in my life. Even my school teachers haven't taught us like this.... Seriously you're such a good teacher nd a saviour for 11th commerce students

[@cahardikmanchanda]

So nice of you Vidisha :) God Bless you🙏😇

[@Aryan77980]

Yeahh ur rgt I've got failed in my unit test but after watching his series on youtube I've got 40/36 in accounts

[@playwithgk6800]

1000℅ Correct✅
Now, this lengthy concept has cleared and understood.
Thanku sir

[@arjunkgopan2023]

​@@Aryan77980 40 out of 36😂😂😂

[@kishansoni3798]

Sir u are a best teacher in commerce world hatts of to u 👏👏🙏🏼

[@MuskanKhan-mt1bh]

Hello Sir ,
I am very lucky that I got you as my teacher . You make concepts very easy to understand . I appreciate your efforts 👍
Your Student

[@animekun2730]

i am just wasting my money in coaching why didnt i find you earlier best teacher 😄

[@cahardikmanchanda]

🙏😇

[@AsthaRathod]

If you say a new financial term, you explain it first whether it's simple or complicated. kudoos to you🙌🏻
Thank you.

[@cahardikmanchanda]

🙏😇

[@nidhijha7714]

This adjustment is way too twisted but Kudos to you sir you made it clear that too conceptually,I don't think now there is any need to learn that formula because I've understood it already
Grateful to God that have found your channel ♥️

[@harshitarya2994]

just because of this adjustment i loss 8 marks in accounts paper which is held in tomorrow but in next paper i definately gain that marks again because our school teacher dont teach this adjustment in deep but now i am fully confident

[@cahardikmanchanda]

🙏😇

[@khushi4253]

Trust me guys this is the best channel I have seen for accounts❤❤❤❤❤😊😊

[@Rudra-px4uz]

Finally I got the best teacher and the best channel for accounts for me kudos to you sir .Keep making videos on such important contants

[@prachisood8739]

The way you focus deeply on concept clarification is really useful to us, sir! Thanks a lot.. This was one of the hardest topics to me in school and your video has helped a lot!

[@ajaypatil7637]

No words for sir ...Really telling no words
Even in highly expensive classes you won't get such understanding
Fantastic well done
I am from Maharashtra board but then also seeing cbse
I am addicted To such logical understanding

[@ragini4571]

THANKYOUUSOOSOOMUCH SIR
itnaa hee deep concept tho bss chiye tha, you not only got our needs but also provided what we needed the most !
Lovee you sir make more n more vdoss with itte deep explanation concept ki 😁

[@hiralalchouhan6665]

Hardik machandana best teacher of accountancy seriously osm teacher I understandyour teaching sir thank you so much ❤️... and I found first youtube teacher ..,,

[@cahardikmanchanda]

🙏😇

[@varshasharma3045]

You are the bestest teacher on you tube sometimes i regret why i even joined my coching you are just amazing ❤ 🤩

[@manishajain24]

Thankyou sir for making this adjustment super duper easy!
Now I can relate this adjustment practically and logically :))

[@cahardikmanchanda]

Glad to know that the video is helpful 🙏😇

[@art-world4118]

Amazing class i ever found...... U make everything so simple.. Thank you

[@archanasharma6081]

Hat's off for your hardwork for us sir your way of teaching is best of all ☺

[@cahardikmanchanda]

Thank you so much Archana :) God bless you🙏😇

[@mahirjoshii]

Best Teacher for Logic Clearing ❤

[@aahan_5311]

U are best sir . Maja aagya sir time ka toh pata hii nhi chala video kb khtm ho gyi
Thankyou so much sir❤❤❤❤❤

[@shagunprakash04]

Thankyouu so much sir for making Accountancy so easy for us, I am glad that I found your channel before my finals, your videos are helping me alot in my studies,,
You're the best Sirr !! ❤️
Hats off to your efforts 🙌
Huge respect 🙏❤️

[@cahardikmanchanda]

So nice of you Shagun :') I am glad that these videos are helpful! God bless you 🙏😇

[@Aryan-yy8sl]

The way he tells us with basics is just amazing he made a tough topic easy thanks sir

[@cahardikmanchanda]

🙏😇

[@SatyajeetSahoo-xf5vk]

Thank you so muchh ,Sir for explaining this so clearly and conciously.Your insights are incredibly helfull!!🙌

[@adityabansal4580]

Sir trust me no one teaches better than you when it comes to concept and deep understanding .

[@cahardikmanchanda]

Thank you son much Aditya :) I am glad it helped 🙏😇

[@nitinparmar5432]

I like your way of teaching

[@cahardikmanchanda]

🙏😇

[@arjunkgopan2023]

Very good sir , understood everything thanks sir❤❤❤❤

[@debayudasgupta4680]

really well explained...finally got to understand the in depth story of the adjustment ......every teacher is writing the formula ..... f possible bring a paid class 12 batch for accounts ......in the session 2023-24

[@cahardikmanchanda]

I am so glad it helped :)
Class 12th LIVE batch will start soon, download Avyukt application to join

[@saimainsights]

Thank you so much sir 🥰🥰
It's too easy concept for us because of you only sir.
May God give you good health 🥰🥰

[@cahardikmanchanda]

Thank you so much Saima :) God bless you🙏😇

[@CA....112]

Thank u bhaiya , for making this topic easiest for us ☺️, and really u r great 😊

[@cahardikmanchanda]

🙏😇

[@soumyaindurkar9761]

This video is too good. Concept explained very well💯

[@DivyanshuKumar-mb9bl]

Thanks sir really appreciate your work...i was lagging in this topic..but u made it so easy...thanks sir

[@cahardikmanchanda]

I am glad it helped :)

[@Rahgeer05]

Provision ❎ protection cover ✅

[@sangamsingh2243]

Sir, this videos are very helpful
Thank you for making such a great video 😇😇😇

[@cahardikmanchanda]

I am glad it helped 🙏😇

[@sanjayjain671]

sir u r great thanku so much for this we really needed this❤❤

[@cahardikmanchanda]

🙏😇

[@SatyendraKumar-li8tx]

B.s. ki cr. Side dikhna bhi easy hota hai .because provision is liability for business .and provision ka meaning hota hai प्रावधान.

[@TURNON500k]

Thankyou so much sir this chapter is very hard and very confusing but now this chapter is very simple for me .
Thanks

[@cahardikmanchanda]

🙏😇

[@chandnisabnani]

I don’t know why your videos have less likes although you explain much better than others.😀

[@cahardikmanchanda]

So nice of you to say this :) Do share it with your friends ✅

[@hkvlogssinging5541]

Sir aap mahaan ho sir aap jaisa koi nahi

[@ayushrazz7841]

Thnx sir u are the best teacher of accounts for ever for me

[@cahardikmanchanda]

🙏😇

[@SumitKumar-xo4jj]

Sir it is very important my school teacher can explain it but I can't understand 😔 when I seen your video it is really helpful 👌💜 thanks sir for this amazing video 😊💜💜💜💜

[@cahardikmanchanda]

🙏😇

[@maheshwarmathur5448]

Very good teaching sir

[@heli856]

thank you so much sir you explained the best i have my finals from 23rd feb

[@Dakshpahwashorts]

Helping me at the end of exam year

[@shrivastavashrivastava9702]

Sir you're great..thank you so much 💫✨

[@barkhajain1072]

Super, today i have learnt new concept, thanks a lot sir

[@MahadiHasan-ke4ho]

No words to say ❤
Great sir ❤
Love from Bangladesh

[@tapasaranjanbarik3745]

Deep explanation 👍👍👍👍👍👍👍

[@dimple_Singhal]

Best teacher of commerce account tommorow is my account exam and i want 40 marks but because of you seriously I get 40 marks out of 40

[@cahardikmanchanda]

All the best wishes Nancy :)

[@MANOJKUMAR-ef7et]

sare doubt clear ho gye thank u

[@nikhil22260]

Sir jitna deeply aap samjate ho mai dave de kha sakta hu koi nhi samjata 👍👍👍👍👍👍👍👍👍👍

[@cahardikmanchanda]

🙏😇

[@tanishjain5]

Sir thank you soo much abhi jab dubara rivision or practice krte time koi doubt ayega toh jrur puchunga vese mereko purraa concept samaj aa gya hai bss practice krni hai ab;-)

[@ramandeepkaur-ip1kp]

Thank so much ' sir really your are best teacher

[@cahardikmanchanda]

🙏🏻😇

[@MustafaKhan-ji9op]

Lots of love from your neighbor Pakistan

[@somuchoudhary234]

Thank you very much sir

[@RadhikaJain-pf2dw]

You are best sir 🎉

[@Anukumari-oy2rk]

Thanku sir 🙏

[@madeworld2423]

Itna easy way me aap ne sikhaya hai ki jo school me nahi aaya wo yhaa aakar pure doubt clear ho gai

[@cahardikmanchanda]

🙏😇

[@k.mstudy3347]

Helpful for bcom ❤sir@hardik sir

[@hemasingh812]

Sir ap sab kuch bohot acha padate ho aap aese hi padhte rahiye

[@cahardikmanchanda]

🙏😇

[@manyabatra885]

Sir, Thank you so much for explaining this complex adjustment so well :)
Doubt- When both the balances of bad debts and provision for doubtful debts are given in the trial balance, why don't we assume that bad debts must have already been deducted from(written off to) the amount of provision for doubtful debts?
Is that bcoz we transfer the amount of bad debts to p&l a/c (or provision for doubtful debt a/c as in the case) at the 'end of financial year'?

[@cahardikmanchanda]

If bad debt had already been written off from the provision then there should not be any Bad debt A/c in the trial balance, right?
Also, all these adjustments of writing off the expenses and adjustments are done at year end.

[@manyabatra885]

@@cahardikmanchanda Yes sir, understood! Thank youu! :)

[@manojmishra6243]

Great

[@yashagrawal744]

Sir Jaldi Sei Computer accounting start karoo sir Then uske badd Sample paper questions 💛🙏🏻 sir itna sath dete thoda or dedo 9 march sei final paper hai 🙏🏻

[@cahardikmanchanda]

Yes Yash, jldi se syllabus complete krte h✅

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Kaisa gya paper?

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Patience level super hai bhaiya

[@cahardikmanchanda]

🙏😇

[@ssiddeshwaraprasad3069]

Wonderful teacher sir

[@cahardikmanchanda]

🙏😇

[@saurabhyadav3149]

Sir thanks ❤🙏 a lot for making a complicated concept very easy for us. I really very thankful to you for giving your valuable time to us. Sir please Its my humble request, you will teach us in class 12 also.

[@abhijeetraikwar.133]

Vese 12th k video bhi available h but still we'll wait for new ones :)

[@saurabhyadav3149]

@@abhijeetraikwar.133 Vo to hai bro but syllabus and pattern bhi to change hote rhte hai

[@abhijeetraikwar.133]

@@saurabhyadav3149 Hmm

[@cahardikmanchanda]

Yes Saurabh🙏😇

[@nxtgamer2655]

Thx guru jii

[@ashwinikelkar]

Thank you🎉

[@sakshihote3625]

Best sir....👍👍👍

[@supriyajana1438]

Many many thank you sir love you sir💖

[@cahardikmanchanda]

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[@PayalShrivastwa-kk8rm]

Thank you so much sir...... Really helpful❤❤

[@preetimurela6831]

Thankyou

[@TechnicalAayushChandnani]

Best teacher ever 🙏

[@cahardikmanchanda]

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[@user-xx4gz7pk7p]

thank you so much sir

[@DivyanshiSingh1]

Thanks sir😊

[@sukhichehal2115]

Hats off for your hardwork sir
Thankuuu so much😄😄😄😄😄😄

[@cahardikmanchanda]

🙏😇

[@manjukarda5310]

Sir next year ki accounting treatment
"Provisions for doubtful debts Dr.
To bad debts "
K effects kya honge??

[@cahardikmanchanda]

Apne journal entry bilkul sahi h, agar further bad debts h to debtors se less and provision ka amount reduce ho jayega. I am going to upload a video today jahan we will discuss questions of all the cases✅

[@_Karan_Prajapati_]

Sir question me interest on capital 10% diya hai adjustment me to isse kese karna hai?

[@cahardikmanchanda]

Interest on capital is covered in the next videos, please check. It is an expense so debited to profit & loss A/c and added to capital in the balance sheet.

[@mustansir7194]

Sir concept was too complicated ! But you have your best but still I need to see this video again ! But I can feel your explanation .

[@cahardikmanchanda]

🙏😇

[@_riya_gr6174]

Thq so much sir ☺️😊

[@cahardikmanchanda]

🙏😇

[@jeevanjha1077]

Really you know problem of student

[@cahardikmanchanda]

I hope i am able to solve those problems:)

[@abhisheksinghbhati4284]

Hatts off to ur hardwork ✨

[@cahardikmanchanda]

🙏😇

[@harshpandey9081]

Got it

[@formanauto6034]

Good evening sir. Excellent
Raja Aurangzeb from Lahore Pakistan.
Thanks

[@Ruchika297]

Sir, Aap dhanya ho🙏,itni toufh adjustment ko bhi simple way me bata diya🙌🙏 Really aap jesa teacher is utube p nhi dekha mene🤗Tq a lot for concept clearty in this 🙌💫

[@cahardikmanchanda]

I am glad that these videos are helpful 🙏😇

[@HSMUSIC1432]

Thx sir

[@mahi_gaming_shorts786]

Goos

[@Dakshpahwashorts]

Best teacher

[@cahardikmanchanda]

🙏😇

[@sangeetasharma2909]

Sir ji apne to provision of doubtful debt ka postmatam kar diya

[@WinSing_07]

Thank you sir 😊💛

[@yadnesh4448]

sir, provision for doubtful debt before trial bal bna rhe honge toh uski entry kya hogi

[@shankchud12]

Superb lecture sir

[@cahardikmanchanda]

🙏😇

[@dikshitjain1315]

❤❤

[@danishkhanentertainment3587]

Sir please solve on board

[@harshitarya2994]

sir next class ma eska plz questions kara dena

[@cahardikmanchanda]

Yes Harshit

[@harshitarya2994]

sir mera ek doubt ha : agar hama question ma trial balance ma bad debts or provision for bad debts de rakha ha or adjustments ma bad debts ya provision for bad debts ki koi adjustment nahi ha to uska treatment kesa hoga sir plz clear this

[@abhijeetraikwar.133]

Harshit I Guess P&L A/c me fir Simply yh krenge:
To Bad debts
Less: Old Provision
And no other treatment in the B/S!
Am I right sir?

[@harshitarya2994]

@@abhijeetraikwar.133 thanks

[@cahardikmanchanda]

Yes, right✅

[@sunilkumar5243]

54:50 if we prepare financial statements of next year , then in balance sheet we take debtors as 31,000 ? Sir, reply as soon as possible

[@cahardikmanchanda]

Yes, that is correct✅

[@Riyayadav-ni2qb]

All clear sir 😊

[@cahardikmanchanda]

🙏😇

[@malaikafatima3030]

Sir please tell if the old provision exceeds the total bad debts then it means we have to show on the cr side of profit and loss account

[@cahardikmanchanda]

Yes if provision is in negative then we will show that on credit side

[@malaikafatima3030]

Thank u sir soo much

[@freefirelover-us4jw]

Sir what if the bad debt are greater than provision

[@abhijeetraikwar.133]

Sir aapne Provision for Discount on Debtors ka concept cover nh kia so plz next video me vo bhi include krdena :)

[@cahardikmanchanda]

Yes, it will be covered in the next video✅

[@ManishKumar-kc3di]

thanks sir you cleared this concept. best eplained