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Adjusting Entries for Accrued Expenses (Financial Accounting Tutorial #19)

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Adjusting Entries for Accrued Expenses (Financial Accounting Tutorial #19)

114,077 views October 31, 2014 12:04

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ChannelNotepirate

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In this financial accounting tutorial I begin explaining adjusting entries and how they are either revenue or expense adjustments, never involve cash and are prepared at the end of an accounting period (passage of time). This first adjustment example will include salaries expense and a payable being accrued. Creating an adjustment will allow us to comply with the matching principle by matching expenses with revenues earned for the period (month).

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About this tutorial

Notepirate published this 12:04 video tutorial on October 31, 2014. It has been watched 114,077 times on YouTube.

Channel
Notepirate
Category
Education
Duration
12:04
Published
October 31, 2014
Views
114,077
Likes
609

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