Here I have explained the concept of Provision for Discount and have solved two problems of Final Accounts with this adjustment.

After watching this video you will be able to do this adjustment while preparing Financial Statements ( Profit & Loss A/c and Balance Sheet)

⏱TIMESTAMPS
00:00 - Intro
01:07 - Basics of Discount
07:25 - Provision for Discount Concept
22:05 - Problem 1 - CMA Illustration
29:10 - Problem 2 - CA Foundation RTP

#1 Provision for Doubtful Debts
https://www.youtube.com/watch?v=PYaMpgZr7O4

Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE

PDF Notes (Telegram)
https://t.me/sahebacademy7

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