Departmental Accounts
This lesson covers the definition and purpose of departmental accounts. It explains how to prepare these accounts to show the performance of different departments in a business. The lesson also discusses the advantages of using departmental accounts for comparison, error detection, and managerial as
- 22:51 “And what does that mean? It means that the departments A would take ratio 6. The department B would take ratio 6 and the department C would take ratio 6. So for salaries and wages, the departments A would take 6 divided...”
- 22:03 “we need to now apportion to the different departments on a particular basis. So we are told that now salaries, insurance and rents will be apportioned on the ratio 6, 6, 3. So now let's look at the value of our salaries...”
- 24:26 “So we are taking equal salaries and wages. Then we are also told that insurance and rent will also take ratio 6, 6, 3. So we are going to prepare the apportionment for insurance and rents. For insurance, we have 2,500 NI...”
Translating Word Problems into Equations
The lesson teaches how to translate word sentences into mathematical equations. It covers the use of variables to represent numbers and how to express word problems as algebraic expressions. Students will learn to solve simple equations and check their answers.
- 07:04 “could find out what the exact age is. But as it is now, there's no value. We leave it the way it is. Second example, a shop owner sells maize at Sunera Parkop. She also sells rice Parkop at double the price of the maize....”
- 11:09 “So we say Q. And rice adds double the price of maize. That is two times Q. If she sold 50 cups of maize and 45 cups of rice, what was her income? So 50 cups of Q, that is 50 of Q, 50 Q plus-- this is 2Q plus 2Q times 45....”
- 09:31 “And then she sold 45 cups of rice, 45 cups of rice. So 45 times two, 45 now would be 45 times four. Because a cup of rice is four Nera, so four multiplied by 45. So our income is two times 50 plus four times 45, which is...”
Commercial Arithmetic: Profit and Loss
This lesson covers the concepts of profit and loss in commercial arithmetic. Students will learn to identify cost price and selling price, and how to calculate profit or loss these values. The lesson also includes calculating profit or loss in percentage.
- 30:36 “Remember, it's 15%. That's 15 over 100. Times the commission in N, that's 35,000. And that gives us what? 5,000, 250. Now, 5,000, 250. What will that be? It's total pay. The total pay for the month. Total pay for the ent...”
- 29:02 “And multiplied by 100. That's commission received. Or commission percentage is commission received over the values of sales multiplied by the services. Now, these are how you get it. Then, let's pick a question. A salesm...”
- 19:44 “At what interest rate? Interest rate does I at 8% interest rate? And I have many numbers of years at 5%. So, what are you looking for? You're looking for the interest of that working rate. So, my interest, that's my simp...”