Accounting Basics - Class 11 / B.COM / CA Foundation - Deferred Income - Adjusting Entry - By Saheb Academy

Here I have explained the concept of Deferred Income and it's accounting treatment in Profit & Loss Account and Balance Sheet in a simple way. Accrued Income is also known as Income received in advance. (Prepayment) I have shown how to pass Adjusting Entry and Reversing Entry with complete logical understanding. ⏱TIMESTAMPS 00:00 - Intro 01:10 - Recap of Previous Videos 03:06 - Deferred Income 13:06 - Practical Example : First Year 25:47 - Second Year 33:47 - Third Year 38:37 - Alternative Accounting Treatment by Bookkeeper Previous Videos : Adjusting Entries Concept https://youtu.be/Z0LACfnMRds Outstanding Expense https://youtu.be/saJkcvVtik0 Prepaid Expense https://youtu.be/pZIlyTJwAE0 Accrued Income https://youtu.be/jSNzzrehDq0 Download Adjusting Entries PDF https://t.me/sahebacademy7/361 Basic Accounting Playlist https://youtube.com/playlist?list=PLVjZhvcpvcGpzX-2re8U3MCVYbQzBWd06&si=oMk1Omek4cvA1Ios 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