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

Here I have explained the concept of Outstanding Expense and it's accounting treatment in Profit and Loss Account and Balance Sheet in a simple way. Outstanding Expense is also known as Accrued Expense. ( Accrual ) I have shown how to pass Adjusting Entry and Reversing Entry with complete logical understanding. ⏱TIMESTAMPS 00:00 - Intro 01:05 - Recap of Previous Video 04:14 - Open Transactions 09:10 - Outstanding Expense 17:28 - Practical Example with Financial Statements 38:05 - Format of EXPENSE A/C with Outstanding Expense & Prepaid Expense Previous Video : Adjusting Entries Concept https://youtu.be/Z0LACfnMRds 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