Accounting Basics - Class 11 / B.COM / CA Foundation - Adjusting Entries EXPLAINED - By Saheb Academy

Here I have explained the Adjusting Entries in detail with complete logic. After watching this video you will have complete clarity on the Adjusting Entires. Adjusting Entries are passed before preparation of Financial Statements to ensure we report accurate financial information to our stakeholders. ⏱TIMESTAMPS 00:00 - Concept 09:29 - Why Adjusting Entries are always required? 14:20 - Rectification Entry vs Adjusting Entry 16:10 - Types of Adjusting Entries 16:59 - Adjusted Trial Balance 18:54 - Reversal Entries 19:33 - Conclusion 20:50 - Accrual and Prepayments or Deferrals 23:03 - Accrue vs Due Outstanding Expense - Adjusting Entry https://youtu.be/saJkcvVtik0 Basic Accounting Playlist https://youtube.com/playlist?list=PLVjZhvcpvcGpzX-2re8U3MCVYbQzBWd06&si=oMk1Omek4cvA1Ios Download Adjusting Entries PDF https://t.me/sahebacademy7/361 This is for the students of CLASS 11, B.COM, BBA, CA FOUNDATION, CA INTER, CMA, ACCA and any other accounting courses. Clear your doubts by direct messaging us on Instagram https://www.instagram.com/sahebacademy/ Please Like, Subscribe and Share this video on your social media account. #Accountancy #FinancialAccounting #Class11