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Deferred Income - Adjusting Entry - By Saheb Academy
43:40
YouTubeSaheb Academy
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: ...
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