Here I have explained the Adjusting Entries in detail with complete logic.
After watching this video you will have complete clarity on the Adjusting Entires.
Adjusting Entries are passed before preparation of Financial Statements to ensure we report accurate financial information to our stakeholders.
⏱TIMESTAMPS
00:00 - Concept
09:29 - Why Adjusting Entries are always required?
14:20 - Rectification Entry vs Adjusting Entry
16:10 - Types of Adjusting Entries
16:59 - Adjusted Trial Balance
18:54 - Reversal Entries
19:33 - Conclusion
20:50 - Accrual and Prepayments or Deferrals
23:03 - Accrue vs Due
Outstanding Expense - Adjusting Entry
Basic Accounting Playlist
Download Adjusting Entries PDF
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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