Adjusting entry; Deferral & Accrual : Cash and Accrual basis of Accounting | Fundamental Accounting

By Genanew Abebe – University Lecturer | MSc in Accounting & Finance 🎯 Fundamental Accounting 1 | Accounting Cycle Starting from Adjusting Entries Welcome to Fundamental Accounting 1! In this video, we explore the Accounting Cycle — starting from Adjusting Entries to the final preparation of Financial Statements and Closing Entries. 📘 What You’ll Learn: ✅ Meaning and purpose of adjusting entries ✅ Steps in recording and posting adjusting entries ✅ Preparation of adjusted trial balance ✅ Financial statements preparation process ✅ Closing entries and post-closing trial balance This lesson is perfect for accounting students, beginners, and anyone who wants to understand how businesses prepare accurate financial reports. 📚 Watch till the end to master the core concepts of the accounting cycle — made simple and clear! 👉 Don’t forget to Like, Subscribe, and Share for more educational videos on accounting and finance. #AccountingCycle #deferral #accrual #FundamentalAccounting #AdjustingEntries #FinancialStatements #ClosingEntries #AccountingForBeginners #LearnAccounting #GenanewAccounting Youtube :    / @genanewtutorials   Telegram : https://t.me/Genanewtutorials