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This video is created by Brilliant Business Concepts to help beginners understand the basics of accounting. The materials, herein, compiled are beneficial to students, business owners, business managers, and even business enthusiasts who desire to have a good basic foundation in accounting. The learnings from this video will equip each learner with the skill required to record transactions compliant with basic bookkeeping, and accounting principles as well as applicable rules and regulations of government agencies tasked with supervision and monitoring of reportorial and tax requirements which are generally based on sound and good bookkeeping processes and practices. CREDIT to the following esteemed authors, from whose writings some of the materials in this video are derived: thebalancesmb.com "Adjusting Entries" BY ROSEMARY CARLSON Updated January 06, 2020 corporatefinanceinstitute.com "Adjusting Entries" "Why do we need adjusting journal entries?" Accounting Coach "Definition of Adjusting Entries" "Accruals & Deferrals" By Harold Averkamp bench.co/blog "The difference between cash and accrual" accountingtools.com "CORRECTING ENTRY" - May 28, 2020 Accountingverse.com "Accounting entry For bad Debts Expense"