Outstanding & Prepaid Expenses with GST | Class 11 Accountancy | Adjustments in Financial Statements

Описание: In this class, we will cover the important adjustment Outstanding and Prepaid Expenses in the case of GST from Financial Statements With Adjustments in Class 11 Accountancy.
Students will learn how GST affects expense adjustments and how correct treatment is done in the Profit and Loss Account and Balance Sheet.

This topic is very important for solving practical questions accurately and is often asked in CBSE examinations.

What will be covered:

Meaning of Outstanding Expenses

Meaning of Prepaid Expenses

Basic treatment without GST

Treatment of Outstanding Expenses with GST

Treatment of Prepaid Expenses with GST

Effect on Profit and Loss Account

Effect on Balance Sheet

Practical numerical questions

Common mistakes in GST-based adjustments

Board-style presentation

This session is ideal for Class 11 CBSE students preparing for the 2025–26 Board Examination.
Channel: Success Mantra for Class 11 and 12
Educator: CA Manish Kalra