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
Adjusting Entries EXPLAINED - By Sahe...

Outstanding Expense
Outstanding Expense - Adjusting Entry...

Download Adjusting Entries PDF
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Basic Accounting Playlist
Accounting Basics - Class 11 / B.COM ...

This is for the students of CLASS 11, B.COM, BBA, CA FOUNDATION, CA INTER, CMA, ACCA and any other accounting courses.

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