Showing posts with label Basic Accounting. Show all posts
Showing posts with label Basic Accounting. Show all posts
Thursday, April 25, 2019
Monday, April 1, 2019
Accounting Journal Entries
Lecture on Journal Entries: This is Part 2 of 2 videos. Please check each of the transactions very carefully. Hopefully this video will be helpful for you. In the second part few more transactions will be uploaded.
Practice: Financial Transactions for January 2019
01/01/19 Mr. Z invested 50,000 in the business
02/01/19 Purchase of factory machinery worth 20,000 by issuing a
Note payable after 3 months
03/01/19 Purchase of inventories for cash 5,000
10/01/19 Sale of finished goods for cash 4,000 and on credit 2,000
13/01/19 Receipt of cash 1,000 on credit sale
8/01/19 Logistics company has submitted a bill worth 250 for shipping expenses
23/01/19 Partial payment of 2,000 for inventory purchased on credit
28/01/19 Wages, utilities, and rent paid in cash 1,000, 400, 600 respectively
30/01/19 Payment of annual insurance premium 10,000
31/01/19 Mr. Z withdrew 1,500 cash from the business for personal use
Practice them well and share my videos to everyone near you
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Friday, March 29, 2019
Accounting Journal Entries
Lecture on Journal Entries. This is Part 1 of 2 videos. Please check each of the transactions very carefully. Hopefully this video will be helpful for you. In the second part few more transactions will be uploaded.
XYZ Inc.
Practice: Financial Transactions for January 2019
01/01/19 Mr. Z invested 50,000 in the business
02/01/19 Purchase of factory machinery worth 20,000 by issuing a
Note payable after 3 months
03/01/19 Purchase of inventories for cash 5,000
10/01/19 Sale of finished goods for cash 4,000 and on credit 2,000
13/01/19 Receipt of cash 1,000 on credit sale
8/01/19 Logistics company has submitted a bill worth 250 for shipping expenses
23/01/19 Partial payment of 2,000 for inventory purchased on credit
28/01/19 Wages, utilities, and rent paid in cash 1,000, 400, 600 respectively
30/01/19 Payment of annual insurance premium 10,000
31/01/19 Mr. Z withdrew 1,500 cash from the business for personal use
Solutions will be provided in Part 2 of this lecture video.
Find links to the comprehensive problems on Journal
Practice them well and share my videos to everyone near you
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Saturday, March 2, 2019
This is part of a series of comprehensive accounting tutorial. This video is designed to help beginners in the field of Business Studies and specifically Accounting. After watching this video, the viewer will have comprehensive understanding of the Accounting Equation, how Assets, Liabilities, and Equity moves to Debit and Credit. The viewer will also be able to know about Double Entry System. At the end of the lecture there will be 10 transaction analysis problems and solution.
So keep watching, keep sharing knowledge, and lets together make knowledge free again...
