Tony I have a question. Okay so I have a little problem with recording purchases and goods in the journal entry. For example ;bought goods for $3500, should that go into be recorded as a purchase if yes,then what if there's another circumstance where you return goods out to a customer,does your purchase decrease?or your goods am so confused. I tried working something out but it just doesn't add up
@pablodavidarandarodriguez16321 сағат бұрын
Firstly, huge like and congratulations from my side! I am an engineer looking to have some knowledge in accounting and finance to understand a bit better how to invest more wisely and hopefully create my own company in the future. I have a short question regarding the wages payable vs wages expense. I understand that there is a timing difference between them (wages to pay and already payed wages), but shouldn't they be already paid by the time in which the statement is relevant (December 31). I assume that the reason to make it this way is because the salary is going to be payed already by the beginning of the next month instead, no? (all my salary payers have always done it before the end of the month, so maybe that is what is causing some confusion to me).
@pezhmandarvishi240622 сағат бұрын
Thanks heaps ...
@blueberrygirl02Күн бұрын
could you teach , how to do payroll liabilities in journal entries please ? Thank you
@dublefassКүн бұрын
Why were the numbers of the variable overhead budget not considered at all?
@sabinewerk10272 күн бұрын
You forgot to say something important: those transactions that we added and subtracted to the Book balance, must be regonized as journal entries as well. am I correct?
@mp3.2112 күн бұрын
7:06:07 hi mr tony im just confused on how you got 15,000 for the truck’s accumulated depreciation. I would be happy if you replied to explain thank you
@mp3.211Күн бұрын
8:42:14 hi so if depreciation and loss on sale of equipment isnt included then why does the statement say they are
@firasjghaimi36142 күн бұрын
Hello, I don't know if you'll ever read this but it is worth a try: why do you consider interests expenses as operating and not financial?
@hongngantong93402 күн бұрын
Hi Prof, can you please explain more about why the sum of estimated uncollectible 300$ is the ending balance, not the bad debt expense? Thank you so much!
@Tony-Bell2 күн бұрын
This is simply due to the different methods. When we calculate a percentage of our sales we are saying "what percent of our total sales are we unlikely to collect?" With aging of receivables we are estimating what percentage of our receivables we are unlikely to collect. It's a SLIGHTLY different thing. (ie Sales are not the same as receivables) Hence percentage of sales computes bad debt expense and aging of receivables computes the ending balance of our allowance. Another way of thinking of it is, Sales is on the income statement, so percentage of sales goes directly to an expense (also on the income statement). Receivables are on the balance sheet, so when we take a percentage of our receivables, we adjust a balance sheet account (allowance).
@sahilsingh78912 күн бұрын
Thank you Mr. Bell
@perfectpipesplumbing39923 күн бұрын
I took a short break from the Intuit bookkeeper course to absorb more info on JE's, which just wasn't clicking until I found these examples. Just what I needed.
@Yoyojano4 күн бұрын
Ur so funny !!!
@ritzyful4 күн бұрын
Thanks gorgeous. I wish I were as smart as him.
@damien57604 күн бұрын
talk tuah 4:34
@milonlakra69974 күн бұрын
Cash flow statement means cash Receipt and payment.
@jameswilliams73374 күн бұрын
👍
@jacob91914 күн бұрын
I LOVE YOU TONY! just finished the course, went from knowing nothing to a bit of something. Actual legend
@mahadalmar99385 күн бұрын
Hello I need help and would love to get a response back, I am going to write my FA1 paper in FIA ACCA is this subject the same? i see difference in the name .
@TrinTrin-n1u5 күн бұрын
I made it to the end, and I thank you for sharing your knowledge with us! It was very helpful for me; you have no idea!
@zayankureshilovesyou6 күн бұрын
Firstly is your course for cpa’s or ca’s. Cause i want to do cpa and I want to know if your course is for cpa’s or not. If not can you recommend a good cpa course. Secondly, is your course fully complete for financial accounting or no? Why does your course not include suspense account and petty cash book, sales daybook , etc. Can you please guide me
@KontyYoutube6 күн бұрын
Man, you are a real hero, and from what I see, I assume you are someone everyone would be happy working with, especially juniors. Good job and keep doing great
@davesh20116 күн бұрын
This is a very good you tube video
@mercedesmanns73167 күн бұрын
Thank you 😊
@duolinlinlin7 күн бұрын
Nice drawing 🎉
@swapnilbhattacharya7618 күн бұрын
this course has been really great.
@motionmustafa8 күн бұрын
Thank you king
@tracyhudson3078 күн бұрын
Excellent work, much appreciated.
@tracyhudson3078 күн бұрын
Thanks for the detailed explanations
@sunubishwokarma10028 күн бұрын
Thank you so much for this video. I watched the entire video and learned a lot.
@leagueaddict83578 күн бұрын
Tony bell, I was following this NYIF EDX course and I needed 70% to pass, I got the certificate, and I passed with 77% but I got most of the number questions all wrong, do you have specific advice for this problem?
@mohidbabar99109 күн бұрын
i love you
@mohidbabar99109 күн бұрын
i love you
@jacklin53169 күн бұрын
This is great content! I love it! This will keep me entertained during the Christmas Holidays :D🎄
@realfavorites31129 күн бұрын
@Tony Bell at 7:48:00 you typed 716,271 instead of 716,217 in the calculator. Hence the calculation is off. Thanks for the videos!
@Tony-Bell9 күн бұрын
Thanks!!
@theragingphoenix7569 күн бұрын
Currently enrolled at WGU for a BS in accounting. For financial accounting we us DC ADE LER and that’s super confusing. Your table is super awesome!!
@rick26879 күн бұрын
Hi Tony, Just got through the free FA videos and want to say thank you! Quick question, any beginner friendly resources for calculating ebitda, adjusted ebitda and financial analysis? Thanks!
@Tony-Bell6 күн бұрын
I do have a full series on Finance that may have what you're after: www.tonybell.ca/finance.html
@KleinZhou9 күн бұрын
I used a half day watching all your MA video to prepare my course test. Thank u very much! You are a very clear explainer.
@KleinZhou9 күн бұрын
Very useful!
@KleinZhou9 күн бұрын
sry, I can't understand why we calculate DM price variance with DM purchased, but calculate DM quantity variance with DM used?
@KleinZhou9 күн бұрын
I' ve seen the 3:30 again and I'm still confused
@KleinZhou9 күн бұрын
you explained quite clear, but i'm wondering why we use AQ*AP, AQ*SP, SQ*SP, instead of AQ*AP, SQ*AP, SQ*SP? I think their comparison can also show the variation of quantity and price.
@KleinZhou9 күн бұрын
why we don‘t put the interest expense of last month' borrowing into cash disbusement ? I mean, if our cash are below the expected ending number after interest payment, but above the expected number before interest, I think we still need to borrow some money?
@KleinZhou10 күн бұрын
Why you calculating not include finished inventory?