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\nDeferred Expenses: Types and Adjustments\n

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\n\nPublisher:\n\nThe Business Professor\n\n\n
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\nThis video is part of a series on accounting adjustments and discusses deferred expenses, specifically prepaid rent and supplies. The video defines deferred expenses and explains how they are assets paid in advance of receiving their...\nThis video is part of a series on accounting adjustments and discusses deferred expenses, specifically prepaid rent and supplies. The video defines deferred expenses and explains how they are assets paid in advance of receiving their benefits. It also provides examples of prepaid expenses such as stamps and explains that they can't be expensed until they are used. The video demonstrates how to calculate the expense for prepaid rent and supplies and how to create a journal entry for each. The video also explains the matching principle and how it applies to deferred expenses.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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6:33
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Grade
Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nThe Business Professor\n\n
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Date
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2021
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Language
English
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Audiences
For Teacher Use
2 more...
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Usage Permissions
Fine Print: Educational Use
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Concepts

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accounting, business, finance, credit, expenses, april, time, stamps, tables
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Additional Tags

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business accounting, deferred expenses, financial accounting, deferred expense, tea tables, december 31st, bravo company, journal entry, ending balance, prepaid rent, credit side, april 1st, rent expense, total number, supplies expense, prepaid, supplies, expense, number, remember, start, count, year, months, 12 months, video, adjustments, purchased, rent, paid, month, calculation
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Deferred Expenses: Types and Adjustments\" href=\"/subscription/new\">\"Deferred\n\n
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