Final Accounts | CA Foundation May/Sep 2025 | Preparation of Final Accounts of Sole Proprietors

In this video, we thoroughly cover all concepts, examples, and problems related to CA Foundation Accounts Chapter 7: Preparation of Final Accounts of Sole Proprietors. The discussion includes computation of gross profit and net profit, trading and profit‑and‑loss account with balance sheet, and adjustments for outstanding, prepaid expenses and incomes, abnormal items, bad debts, goods used for charity or personal purpose, goods sold on an approval basis, and mutual debtors and creditors. The content is tailored for CA Foundation students, ICAI students, and other commerce course students, and is presented under the guidance of Chandan Poddar Sir in association with Escholars.