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I scored a whopping 5 out of 5🥳

That's not fair I thought Fiscal Year

Counting and bookkeeping Great

What an amazing video. Keep up your good work! I'll check your other videos too.

Technically 4/5 but really fiscal year vs financial year are the same thing so I'm claiming 100%

so the summary is we record the unpaid water expense with accrued expenses as liability and keep doing it for every accounting period until the invoice come and the actual value revealed then we record the actual value as water expense again but with account payable instead of accrued expenses and 11:10 reverse the previous journals about water accrued expenses. the question will be, why not use account payable from the start?

Thank you

Nice thank you 🙏🏾

4/5 never knew the last

Is this video for anyone to learn accounting or for people who have some knowledge of accounting? This video helps no one who is not majoring in accounting or an accountant. Theyre the only people saying this is a good video. It's not. Not for someone who knows nothing about accounting. Nothing in this video is simplified for the non accountant. Smh

An auditor audited with glee, "This balance sheet's perfect!" said he. But the income statement, Held a fraudulent payment, And the cash flow was all at sea.

LIFO is literally illegal in every part of the world except the US, so why is it still in use?

😂2/5,,,oh boy

Omg this is what I've been searching for - someone that can out things in a simple and linear manner with logic. Thank you 🎉

Please do you have a website that I can use to source theories to practice with. I've done some searches and I can't seem to find something comprehensible that I can practice with. Especially Bank Statements and CashBooks to practice Accounts Reconciliation. It's either the Bank Statement is incomplete or something is not adding up in the CashBook. I'll really appreciate the help James. Thank you for all you do!

I have airbnbs I manage for owners, airbnb pays into my business trust and then I send them their cut after deductions (my fees etc) How to I track that properly in QBO?

4/5

This is magical

EBITDA got me. Just couldn't remember it

Wow, I am amazed at how much you covered here, appreciate the effort! Keep it up!

Bro i am from India and by mistake I found your Yt channel but I think I got Great accounting Teacher ever ❤

I was not aware about the last one. My score is 4/5.

Thank you bro for these types of videos its like u truly know what people in accounting or want to work in accounting need thank you

5th question me:uhm , statement of xi-? sarbanes oxley Acts 🙃

sir,i got 4 correct answers 😊

how did I get 4

3/5. Not bad for being in my first college term for accounting

How do I journal or enter an assets residual value

Hello, do you have a video journaling fixed asset depreciation with salvage value?

❤❤❤ keep up

4/5

4/5 I had forgotten about EBITDA 🙆🏾

5/5 this time! 🎉