Accounting Made Simple by 30 Examples
Accounting Made Simple by 30 Examples
We will simplify how to make journal entry records, debit- credit accounts, which accounts are assets and which are liabilities.
As we move further, we will make more complicated entries, so hurry up :)
Contents: (All with journal entry examples)
1) Cash Sale: Journal Entry for cash sale
2) Inventory Purchase : Journal Entry for Inventory Purchase
3) Fixed Asset Sale: Selling a fixed asset
4) Service Sale: Selling a service
5) Bank Loan Usage: Using a bank loan
6) Sales with Credit: Again we sell, but this time with credit (journal entry)
7) Collection: Collecting the receivable in example 7
8) Bad Debt: What journal entry do we do if we can not collect money?
9) Sales Discount: We make a sale with discount
10) Depreciation (Straight Line Method): Basic application of depreciation
11) Compound Interest: Compound interest over many years
12) Purchasing a fixed asset with interest rate: Paying the interest
13) FIFO method: Most popular cost calculation method
14) Weighted Average method: Important cost calculation method
15) LIFO method: Important cost calculation method
16) Sale with advance: Sale with advanced received previously
17) Bad Debt allowance: Directing bad debt to income statement
18) Calculating Inventory
19) Cost of Goods Sold (Journal Entry)
20) Calculating Inventory Turnover Rate: Ratio for inventories
21) Invesment in available for sale securities: Short term investment
22) Investment in another company (%20- %50): Investment that does not give you majority
23) Investment in another company (above %50): Investment giving you majority
24) General Ledger: A general look
25) Depriciation (Declining balances): Second alternative depreciation method
26) Distribution of cash dividends: Distributing the profit to investors
27) Current Ratio
28) Leverage
29) Receivable Turnover Rate
30) Payable Turnover Rate.
Beginner friendly 30 Examples with animations, examining book keeping entries
Url: View Details
What you will learn
- Getting familiar with accounting
- Making Journal entries
- Understanding structure of journal entries
Rating: 5
Level: Intermediate Level
Duration: 33 mins
Instructor: Cem Bulut
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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