Accounting Transactions 4- Liabilities Dr & Cr

Financial Accounting ACG2021 SFCC Spring 2008 Crosson Chapter 2

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Education

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• Financial
• Accounting
• Crosson
• SFCC

[mustafasohail456]

Pls Tell Which One Is Correct (Reply On Comment) Q . Paid Electric Bill Rs $40? Ans 1: My College Teacher Told Me Electricity Expense (Debit) - Expense Increase Cash (Credit) - Asset Decrease Ans 2 : My Tution Teacher Told Me Expense Only increase when u turn on (use) electric appliances ..... And told me that its a liability Telephone Expense (Debit) - Liability Decrease Cash (Credit) - Asset Decrease Which One is correct And Also Tell Telephone Bill Here is Accrued Expense

[SusanCrosson]

Your teacher is correct as you are paying cash to pay the bill that was not previously recorded.

[SusanCrosson]

college

[xxSaraixx]

tell me about it.... My teacher doesn't explain at all.... so i have to look for other sources to learn... and this videos by Susan are being helpful so far... Yet they are confusing cuz of how the posting process of debits and credits...(depending on the account) oh gosh! but i know i will get it soon! Good luck to you if you taking this class!

[yralm07]

Hey Professor, I love you!!!

[adelle0001]

love the way you explain! thanks

[zbrusky]

ADEX and CARL--ADEX=Assets, Dividends, and Expenses (Dr. increases while Cr. decreases) CARL=Capital, Revenue, and Liabilities (Dr. decreases while Cr. increases)

[MyLlamaDrama]

omg i wanna continue watching these helpful videos because I have an exam this week but AHH the squeaking of the marker and the ssss sounds is really annoying and omg kill mee x____x But great information btw :D

[newcomer9747]

@ThomasRW2 can i have some of that you're having?

[hopaehab1]

are you teaching cpa? if not are you planning to do or not?

[zhelle0990]

@MetalBassjunkie420

an debit increase in assets ('cause you'll have accounts receivable since it is "billed")

and an credit increase in stockholders ('cause you'll earn revenue)

--am not sure though.. :3

[sowmyacpati]

Can I call you mom ma'am !!!

[Zabytube]

O God- my mid term is in 1 hour, ty ty ty ty, u will make me pass :)

[shankarbh72]

You r very proffessional at what u do....Thank u for these awesome videos