Journal Entry Thought Process 215

Hello in this presentation that we will discuss a thought process for recording financial transactions using debits and credits. Objectives. At the end of this, we will be able to list a thought process for recording journal entries. explain the reasons for using a defined thought process and apply thought process to recording journal entries. When we think about a thought process, we’re going to start with cash as the first part of the thought process is cash affected. We’ve discussed the thought process when we have considered the double entry accounting system in the format of the accounting equation, the thought process will be much the same here we now applying that thought process to the function of debits and credits recording the journal entries with regard to debits and credits.

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Cash Method vs Accrual Method 135

Whoa in this presentation we will be discussing a cash method versus an accrual method objectives. We will be able to at the end of this, define and explain a cash method, define and explain an accrual method and explain the difference between the cash and accrual methods. When considering the cash method and the accrual method, they’re not necessarily completely different or diametrically opposed. But when presented, they are often presented in this format partially because in order to explain one, it’s often useful to know the other it’s useful to be able to compare the differences between the two methods.

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Bank Reconciliation First Month Part 2 9.11

In this presentation, we’re going to continue on with our bank reconciliation for the first month, part two, we’re going to be focusing in on the decreases this time last time we focused in on the deposits. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. Also note that I still have the balance sheet open over here. So if you want to open the balance sheet, I won’t go through it, but you can open the report to the balance sheet, and then and then duplicate the tab as we’ve done in the past. And here is our balance sheet.

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Pay Payroll Tax 8.65

In this presentation, we will pay payroll tax liabilities. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file, we’re going to open up our reports on the left. So we’re going to go down to the reports on the left, we’re going to be opening up once again that trust the trial balance, we’re going to type that in and the find reports here trial balance, we’re going to be opening up the trial balance here, then I’m going to be changing the name up top. So I’m going to scroll up top to get to that dates. I’m not not the name, the date, I’m going to change the date from Oh 10120 to 1230 120, January through December 2020. Run that report.

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