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 Sahe...

Download Adjusting Entries PDF
https://t.me/sahebacademy7/361

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.

Clear your doubts by direct messaging us on Instagram
Instagram: sahebacademy

Please Like, Subscribe and Share this video on your social media account.

#Accountancy #FinancialAccounting #Class11

• #education
• #accrual_and_prepayments
• #adjusting_journal_entries
• #financial_statements
• #final_accounts
• #acounting_stuff
• #tony_bell
• #saheb_academy
• #ca_foundation
• #acca
• #cpa
• #us_cma
• #financial_reporting
• #financial_accounting
• #class_11
• #bcom
• #bcom
• #ca_inter
• #icai
• #class_xi
• #year_end
• #accrual_concept
• #accrual_basis
• #accounting
• #commerce_wale_guruji
• #outstanding_expense
• #accrued_expense
• #outstanding_expenses_journal_entry
• #corporate_finance_institute
• #trial_balance
• #malyalam
• #tally
• #adjustments