Adjusting Entries
The number of adjustments needed at the end of each accounting period depends entirely upon the nature of the company’s business activities. However, most adjusting…
The number of adjustments needed at the end of each accounting period depends entirely upon the nature of the company’s business activities. However, most adjusting…
If you have employees, chances are you owe them a certain amount of wages at the end of an accounting period. If so, an adjusting…
Typically, insurance premiums are paid when coverage begins. So if you paid for an insurance policy during the accounting period, you probably bought coverage for…
Typically, insurance premiums are paid when coverage begins. So if you paid for an insurance policy during the accounting period, you probably bought coverage for…
Do you maintain an inventory of merchandise for sale to your customers? If so, you need to physically count the items that are in your…
If you are earning interest income that will be payable sometime after the end of the accounting period, you need to make an adjusting entry…
At the end of an accounting period, you must make an adjusting entry in your general journal to record depreciation expenses for the period. The…
Do you extend credit to your customers? If so, do you have any accounts receivable at year end that you know are uncollectible? If you…
It’s interesting how one’s whole perspective can change quickly. As a career changer, I always believed that a two-year MBA would always be a better…