Final Accounts for Sole Proprietorship | Accounting | CSEET Free Foundation June / Oct 2026

In this CSEET Fundamentals of Accounting lecture, Rishabh Tyagi Sir explains Final Accounts for Sole Proprietorship, an important topic for the June / October 2026 attempt. This session covers preparation of Trading Account, Profit & Loss Account, and Balance Sheet along with adjustments and practical questions. Learn how to structure final accounts, handle adjustments like outstanding expenses, prepaid items, depreciation, and closing stock with an exam-oriented approach. This lecture focuses on concept clarity, problem-solving techniques, and accuracy, making it ideal for scoring high in accounting. Perfect for CSEET aspirants looking to strengthen fundamentals and improve performance in accounting exams. Teacher's Name - Rishabh Tyagi Sir _____________________________ [ Lecture Notes is In The Below Batch ] CSEET Free Foundation Series JUNE 2026 https://physicswallah.onelink.me/ZAZB... CSEET Sanjeevani Pro June 2026 / Oct 2026 https://physicswallah.onelink.me/ZAZB... CSEET Sanjeevani June 2026 https://physicswallah.onelink.me/ZAZB... -------------------------------------------------------------- 📲 pw app/website: https://physicswallah.onelink.me/zazb... 📚 pw store: link: https://physicswallah.onelink.me/zazb... ---------------------------------------------------------------- 📌𝐂𝐒 𝐖𝐀𝐋𝐋𝐀𝐇 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀 : 🌐 telegram: https://t.me/pwcswallah 🌐 instagram:   / pwcswallah   ---------------------------------------------------------------- 📌 𝐏𝐇𝐘𝐒𝐈𝐂𝐒 𝐖𝐀𝐋𝐋𝐀𝐇 𝐎𝐓𝐇𝐄𝐑 𝐘𝐎𝐔𝐓𝐔𝐁𝐄 𝐂𝐇𝐀𝐍𝐍𝐄𝐋𝐒 : CA Wallah:    / @cawallahbypw   ACCA BY PW:    / @accabypw   Physics Wallah:    / @physicswallah   📌 for any queries or complaints visit: https://bit.ly/pw_queries or give a missed call on 07019-243-492 ---------------------------------------------------------------- 00:00 Introduction to Final Accounts 07:04 Purpose of Trading Account 08:24 Understanding Trading Account 11:06 Structure of Trading Account 14:11 Direct vs. Indirect Expenses 15:50 Understanding Wages and Production Costs 22:54 Introduction to Profit & Loss Account 29:30 Importance of Adjustments 30:23 Handling Outstanding Expenses 31:54 Accounting Treatment for Adjustments 1:00:50 Solving a Practical Question 1:03:45 Adjusting Closing Stock 1:06:00 Adjusting Outstanding Salaries 1:08:32 Providing Depreciation 1:21:00 Calculating Net Profit 68aef4c3ddac7dc1afe3e52a Faculty Name - Rishabh Tyagi Sir Id - 64def7d065d3160018e953e6