Accounting for Beginners | Part 4 | Accruals & Prepayments
In part 4 of Accounting for Beginners, we look at Accruals and Prepayments. We explain what accruals and prepayments are, whether they are assets or liabilities, and how they are treated in accounting. We also go through journal entry examples of accruals and prepayments. We do the general ledger for prepaid expense, income received in advance (deferred income), accrued expense, and accrued income.
Accounting for Beginners | Part 1 | The Accounting Equation: • Accounting for Beginne...
Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries: • Accounting for Beginne...
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): • Accounting for Beginne...
Accounting for Beginners | Part 5 | Trial Balance: • Accounting for Beginne...
Income Received In Advance (Prepaid Income) | Explained with Journal Entries Examples
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Пікірлер: 51
2024 new accounting student, and i am glued to this channel. Thank you🎉
Your efficiency in explaining things never stops to amaze me.
i failed my first Accounting test at tertiary but after watching your videos i just have a feeling of i'm gonna make it to the Finals
As the beginner I'm soo enjoying and understanding the lessons 🎉🎉.Thank you soo much
This channel just makes things easy , I'm always glued on it I don't even see a reason for me to go to lecture
I'm definitely getting a distinction. May God bless you 🙏
Thank you for simplyfying accounting in this way its more easier to understand ❤
I have never done accounting before and just started to do it now in tertiary and your videos are helping me understand the Greek which my Lecture was speaking lol
@malebokumako4467
2 жыл бұрын
😅Same here hey
@tshimollomotsepe8678
Жыл бұрын
@@malebokumako4467 same here i just regret y i so these lecture s videos now
i really enjoy watching your videos, it has help me alot in understanding accounting from the beginning. thanks alot
🙏thanks again for making accounting look easy not worried for failing my modules
Excellent and simple enough explanations. Thank you
thank you for simplifying accounting
Thankful for these ezexutive summary videos.
On my 5th day of learning Accouting..Thank you!
Thanks, Thanks and Thanks once more for this simplified Accounting video. Be blessed ❤❤
Just awesome thank you ❤
This is seriously making sense
Masterfully done and explained. You have gained a subscriber.
thank you good explaination and clear
This video has helped me a lot. Thank you and I just subscribed
Keep doing the best work…Thank you 👌🏽
@yvonnemanyike2793
11 ай бұрын
Wow I'm new in accounting but I can see the light since I started watching your videos thanks
Youre a legend
Thank you very much
Thanks!
thank u so much sir
Bank reconciliations please
@Counttuts
3 жыл бұрын
See here: kzread.info/dash/bejne/eZ6e2LhqlLixoto.html
Thanks. My question on interest .Why there is no calculation on prepaid interest?
I am doing Accounting as part of my master's programme in International management. Do you have any video lectures on: Financial Instruments and Hedge Accounting, Revenue Recognition and Construction Contracts, Provisions and Deferred Taxes, Consolidated Financial Statements?
Please, can you help something ofr the cash budget please 😩
Thank you this is very helpful
Hey In the 1st example why did we use R1800 instead of R10000
❤
Good lecture,...where do you based
@Counttuts
3 жыл бұрын
South Africa
@jacquelineuusiku
Жыл бұрын
@@CounttutsAccounting is the same everywhere right, coz I'm in Namibia in varsity doing acc, and the last time I did accounting was the 9th grade...So yeah, you could say I'm abit behind
🙏🏻🙏🏻❤️
I dont understand the insurance part tho but your videos are helping me
Why,I didn't know about this channel before 😢, I am failing FAC1501 with 20% I am left with elective assignments 6,7,8,9
What are the key points to know when answering this topic please help me
Great content as always thanks. Where exactly are in SA?
I don't understand the part that he divide it by 12?
This part is hard for me to grasp.Navigating the statement with the dates is still a bit challenging.I just have to repeat the lesson and get past papers to practice
16:00
And I wish the video was more helpful
Am starting to understand accounting but still scared to attempt 😢
@faithJames-im7mn
10 ай бұрын
Its too enjoyable once you get the concept don't be afraid
I really didn’t understand anything