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

Here I have explained the concept of Prepaid Expense and it's accounting treatment in Profit and Loss Account and Balance Sheet in a simple way. Prepaid Expense is also known as Deferred Expense. ( Prepayment ) I have shown how to pass Adjusting Entry and Reversing Entry with complete logical understanding. ⏱TIMESTAMPS 00:00 - Intro 01:11 - Recap of Previous Videos 02:56 - Prepaid Expense 14:03 - Practical Example : First Year 23:08 - Second Year 32:09 - Third Year 35:21 - Alternative Accounting Treatment by Bookkeeper Adjusting Entries Concept https://youtu.be/Z0LACfnMRds Outstanding Expense https://youtu.be/saJkcvVtik0 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