Mastering ADJUSTING ENTRIES Made Easy! Class03

Описание: In this 10-minute class, we'll dive into the concept of accrual basis and preparation of adjusting entries. Whether you're a student, a professional, or just curious about financial accounting, this video will help you understand how transactions impact accounts and how to keep the accounting equation balanced.

Chapters
00:00 Introduction
00:14 Course Outline
00:26 What is Accrual Basis
00:46 Why use Accrual Basis
01:33 Why adjusting Entries required
01:59 Four types of Adjusting Entries
04:06 Example - Deferred Revenue (Unearned Revenue)
05:52 Example - Accrued Revenue (Account Receivable)
06:38 Example - Deferred Expense (Prepaid Expense)
08:58 Example - Accrued Expense
09:50 Recap

In This Video:
Introduction to Accrual Basis and Adjusting Entries: Learn how to record transactions when they occur, instead of cash basis.

Explained: Understand the concept of Accrual Basis Accounting and how to adjust from cash basis to accrual basis by making adjusting entries.

Real-Life Examples: See practical examples of transaction recording to solidify your understanding.

Tips and Tricks: Get tips on how to easily remember the rules of debits and credits.

Why Watch?
Simplified explanations to make complex concepts easy to grasp.
Visual aids and examples to enhance learning.
Perfect for beginners and those looking to refresh their knowledge.

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Questions?
Drop your questions in the comments below, and I'll be happy to help!

Thank you for watching!

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#會計 #会计 #adjustingentries