Accrued Income - Adjusting Entry - By Saheb Academy

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
• Adjusting Entries EXPL...
Outstanding Expense
• Outstanding Expense - ...
Prepaid Expense
• Prepaid Expense - Adju...
Download Adjusting Entries PDF
t.me/sahebacademy7/361
Basic Accounting Playlist
• Accounting Basics - Cl...
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
/ sahebacademy
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#Accountancy #FinancialAccounting #Class11

[@rockyandrdxesportsnews2533]

I don't think there is no need ask doubt. Because you clarify me everything ❤

[@tanmoymodak8015]

Very conceptual & detailed video thanks providing such james ❤

[@mistarzahiil7691]

Sar you are so good for making easier our accounts , i want to say specially thanks 🙏🏻❤️🙏🏻❤️, GOD BLESS YOU, I COPY YOUR NOTES IN MY COPY . AGAIN THANK YOU SO MUCH SAR ❤️🙏🏻❤️.

[@Funsot]

Sir you help us lot in our exam time ❤❤

[@SahebAcademy]

Glad to hear that😊

[@Permission_to_dance_7]

Sir please do a video for banking accounts in corporate accounting 🙏🏻🙏🏻 because I'm addicted to your teaching style 😢

[@sukhadadeshpande8694]

Really clarifying each and every concept..sir please post for marginal costing

Sir can we get video for class 12 like the same it would be so use full for us if a teacher like you teach us 🥺

[@abroadjobsinfo6015]

Awaiting for your Guidance

[@hiddensquare7395]

Was getting good grades with your videos ❤ and guess what am having exams tomorrow also financial statements is pending now for me
Am from grade 11

[@SahebAcademy]

All the best😊👍🏼

[@user-hy6wd4pu8t]

You so lucky to find this channel, when I'm in 11th and 12 th I didn't know about this channel.
I'm ca inter student learning from this channel

[@AylinS4649]

Thank you for your video Sir.... It is very helpful

[@AylinS4649]

Sir could you please make a video on Accounting for share capital and it's concepts

[@SahebAcademy]

Sure

[@theoblanca1062]

Sir, it's a request to create a video Cash flow statement

[@rasheedaphc6620]

Sir can you please explain it for me
Closing stock was over casted by 100 being casting errors in the schedule or inventory. Pass rectification entry (Next accounting period)
Please give me reply

[@Maysam795]

How did u know sir, we just learnt accruals

[@hiddensquare7395]

Also could you please upload videos for 12th
Guys do like and request him for next year we need this gem to pass

[@SahebAcademy]

Sure

[@pankaj.0.47]

​@@SahebAcademy sir , WORKING CAPITAL concept and numerical karwao please

[@rehobothcivil5855]

Yes sir we are wating for the next year for 12 th class sir please upload videos sir 😢

[@abroadjobsinfo6015]

Sir very Super .
I am in a running business their is No Journal Entries from the Beginning of the business now i want to start from January 2024 with the All journal Entries but their is Accrued Income mean need to be Receive from the Customer. How i can pas their Journal Entries. Note the invoices are Already Issued but its just like Outstanding balance
Please guide me