Deferred Income - Adjusting Entry - By Saheb Academy

Here I have explained the concept of Deferred Income and it's accounting treatment in Profit & Loss Account and Balance Sheet in a simple way.

Accrued Income is also known as Income received in advance. (Prepayment)

I have shown how to pass Adjusting Entry and Reversing Entry with complete logical understanding.

⏱TIMESTAMPS
00:00 - Intro
01:10 - Recap of Previous Videos
03:06 - Deferred Income
13:06 - Practical Example : First Year
25:47 - Second Year
33:47 - Third Year
38:37 - Alternative Accounting Treatment by Bookkeeper

Previous Videos :
Adjusting Entries Concept
   • Adjusting Entries EXPLAINED - By Sahe...  

Outstanding Expense
   • Outstanding Expense - Adjusting Entry...  

Prepaid Expense
   • Prepaid Expense - Adjusting Entry - B...  

Accrued Income
   • Accrued Income - Adjusting Entry - By...  

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.

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