In this video I have explained how to pass HARD journal entries like Outstanding expenses, Accrued income, Income received in advance, Prepaid expenses, Interest on Capital, Interest on Drawings and much more.

⏱TIMESTAMPS
0:00 Intro
0:12 Recap
1:33 Accrual Concept
5:06 Outstanding Expenses
10:02 Prepaid Expenses
14:14 Income Received in Advance
18:02 Accrued Income
23:26 IOC & IOD

After watching this video you will be able to pass these Journal Entries with no hassle at all.

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This is for the students of CLASS 11, B.COM, BBA, CA INTER, CMA and any other accounting courses.

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