Hi sir , you are explanation is very easy to understand sir . My request to you is to post 'rectification of errors ' and 'bills of exchange' lessons as soon as possible as final exams are gonna start
The first time I entered in the Accounting lecture at University,I thought may be am in the wrong lecture room,i did not understand anything,but since I started following you.always am having a smiling face during accounting period.THANK YOU,YOUR A GOOD MAN
Hi sir it's very useful for other stream students to understand the basics of accounting. Great effort sir. Sir I am a master degree holder and interested in doing CA I don't where to start but after seeing your videos on basics of accounting it was crystal clear. Sir after trial balance you didn't upload financial statements. Sir how to join your academy for accounting and costing.
Thanks you so much for this very clear explanation,it simplified the complex suspense account,such a great help for my up coming report about the topic, more power and keep safe 🙂
Hi sir, thanks for a very clear and simple explanation. I just want to know the list of upcoming videos after this "Trial Balance - Suspense Account - Class 11 / B.COM / CA Foundation". (Next Lesson) for better learning step by step. Looking for your reply.
@@divyamuthukumar6297 But that wasn't detail though. Moreover I have got some basic knowledge about that chapter but not fully. And that's the reason why I requested him to elaborate on that topic. But thanks.
Hi sir. Your every videos are good & easily understandable. Keep doing this. My request to you is to post videos on whole sale branch system in branch a|c . I don't have clear understanding about this in others videos. Please!
I want to know one thing. I am new to Accountancy and Book Keeping. Expense account has debit balance. How can we say that the Suspense account is an Asset without knowing the nature of the said transaction/s missed/erred during doing the accounts? It may have been an expense too, right?
Sir i have a question .. in TB we show closing balances of respective accounts. The question is will suspense account have closing balance too or it will have opening balance ??
If the final accounts are closed and suspense account balance is still not cleared then suspense account has to be taken to balance sheet so it has to be either an asset or liability. If it has Dr. Balance - Asset Cr. Balance - Liability But that doesn’t mean the errors are in asset or liability. Errors can exist anywhere in any sort of account.
It cannot be revenue or expense because these sort of accounts are never taken to Balance Sheet and It also cannot be classified as equity or capital because it doesn't fit with the definition. So we are only left with two options Dr. Balance - Asset Cr. Balance - Liability
Sir your videos are amazing and I love the way you teach literally your videos were very helpful in this hard situation of pandemic . I request you to make a vedio on depreciation also .
Plz sir financial statements wale lectures bhi jaldi se post krden exams age han or accounting ap k allawa kahi se samaj nhi ati plz 2 weeks k bad papers han
Hi brother i love the way u teaching with clarification...please make a compleat video of trading a/c and p/l a/c with some mejor adjustment before date 6/2/21 as my exam concerned...it ll very helpful to me ...u are awesome
Is suspence account is on debit side it is recognized as asset whereas if it is on credit side it is considered as liability... Can someone tell me the reason behind this?
