Accounting Equation

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Uploaded by on Jun 20, 2008

Categories of the accounting equation and definitions of each category

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Education

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Uploader Comments (coolprof1951)

  • thank very much it real help me

    i got a question how about if the prepaid is 3600 and The one-year insurance policy was purchased on October 31, 2007. [Hint: The correct adjusting entry was recorded on December 31, 2007.]

    Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.

  • divide 3600 by 12; this gives you 300 per month; therefore, if adjustment are made quarterly, each adjustment is for 300 X 3 = 900. thus, 3600 - 900 = 3300 balance on Dec 31; adjustment on Mar 31 will be another 300. I hope this helps. jp

  • This is really good...just learned it in a class and you helped me understand it better thanks.

  • What college do you attend? I'm just curious; I started this project in the summertime and just never had the time to finish it; now I just might be motivated to devote some time to it again. Thanks for your feedback; Aloha! :)

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  • ty

  • thanks!

  • Thanks a bunch! Really happy professors are taking the time to do things like this.

  • Thank you so much John.

  • thank u so much im in 10th grade and were just starting the basics thanks i can understand this with u

  • Hey great vid! Not sure if you do cost basis calculations by hand, but you can get a cost basis calculator at our site... Net Basis

  • Great post! Anyone need a cost basis calculator? Please check out Net Basis!

  • is accounting pretty hard to learN??? im htinkin about goin to school to do it.. not that good in math.. but.. i did accounting for the cafe at our school and i liked it.. comptuer did most of the math..

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  • thank you

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