Accrued Expenses & Prepaid Expenses | Differences, Examples & Journal Entries | Accounting
Автор: SkillUp Smart
Загружено: 2026-01-05
Просмотров: 171
Описание:
In this video, we explain accrued expenses and prepaid expenses in a clear and simple way, perfect for accounting students and beginners.
You’ll learn:
What accrued expenses are
What prepaid expenses are
The key differences between accrued and prepaid expenses
How each is recorded under accrual accounting
Practical examples and journal entries
Understanding accrued and prepaid expenses is essential for preparing accurate financial statements and applying the matching principle correctly.
📌 Topics Covered:
Accrued expenses explained
Prepaid expenses explained
Accrued vs prepaid expenses comparison
Adjusting entries
Expense recognition
If this video helps you, don’t forget to like, share, and subscribe for more accounting lessons explained simply.
#AccruedExpenses #PrepaidExpenses #Accounting #FinancialAccounting
#AccrualAccounting #AccountingBasics #JournalEntries
#Accountingstuff #Bookkeeping
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