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

Accrued Income is also known as Income earned but not received.( Accrual )

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

⏱TIMESTAMPS
00:00 - Intro
01:02 - Recap of Previous Videos
02:50 - Accrued Income
12:39 - Practical Example with Financial Statements
38:05 - Format of INCOME A/C with Accrued Income & Deferred Income

Previous Videos :
Adjusting Entries Concept
[ Ссылка ]

Outstanding Expense
[ Ссылка ]

Prepaid Expense
[ Ссылка ]

Download Adjusting Entries PDF
[ Ссылка ]

Basic Accounting Playlist
[ Ссылка ]

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
[ Ссылка ]

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

#Accountancy #FinancialAccounting #Class11

свернуть