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Welcome to Divya Jyoti School – Official YouTube Channel 🎓 In this Class 12 Accountancy session, Samsuddin Sir explains Illustration 14 from Chapter 3 – Company Final Accounts, one of the most important, scoring, and frequently asked sections in the board examination. Company Final Accounts require accuracy, conceptual clarity, proper classification, and a strong understanding of adjustments. This video provides a complete, step-by-step, exam-oriented solution of Illustration 14 to help students master the format and logic behind corporate financial statements. 👉 What You Will Learn in This Video: • How to solve Illustration 14 from Company Final Accounts • Proper format of Statement of Profit & Loss • Format of Balance Sheet as per Schedule III • Treatment of adjustments such as outstanding expenses, accrued income, prepaid items, reserves, provisions, depreciation • Calculation of company-related items • How to classify items into Equity, Liabilities, and Assets • Common mistakes to avoid in final accounts • NCERT/board exam-style questions for practice This topic is extremely important for NCERT, CBSE, and GSEB Class 12 Commerce students. Company Final Accounts carry high weightage in board examinations and frequently appear in numerical problem sections. Understanding the proper treatment of adjustments and their placement in statements helps students score full marks. Samsuddin Sir explains the entire illustration in a simple, clear, and logical manner so students can easily follow and apply the same method in their board exam. 🌐 Official Website: https://www.divyajyotischool.com 📘 Facebook: / divyajyotischool 📸 Instagram: / divyajyotischool ▶️ YouTube: / @divyajyotischool 📞 Contact: +91 97268 84019 📧 Email: [email protected] #divyajyotischool #cbse #ncert #gseb #class12accounts #companyfinalaccounts #Illustration14 #commerce #StudyWithSamsuddinSir #AccountsNotes #boardexampreparation2025 #financialstatements #class12commerce #learning Description divya jyoti school,class 12,accounts,illustration 14,company final accounts,class 12 accounts ch 3,company final accounts class 12,company final accounts class 12 ch 3,accoutancy part 2 ch 3 company final accounts,class 12 accounts part 2 ch 3 company final accounts,company final accounts illustration 14,illustration 14 class 12 accounts chapter 3 gseb,commerce class 12,company final accounts class 12 part 2 ch 3,accountancy company final accounts,accounts class 12