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 • Adjusting Entries EXPLAINED - By Saheb Aca... Download Adjusting Entries PDF https://t.me/sahebacademy7/361 Basic Accounting Playlist • Accounting Basics - Class 11 / B.COM / CA ... 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 / sahebacademy Please Like, Subscribe and Share this video on your social media account. #Accountancy #FinancialAccounting #Class11
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