Learn Accounting – Asset vs Expense Methods

The handout worked in class contrasted the asset and expense methods of accounting for deferred expenses, and the liability and revenue methods of accounting for deferred revenues. Adjusting, closing, and reversing entries were part of the... Read more →

Learn Accounting – Debits and Credits

This lecture explains the “normal balances” of the accounts relating them to I. The Accounting Equation, and II. The Owner’s Equity Account Students are encouraged to learn to classify accounting 5 ways (A,L,C,R,E), 2 ways... Read more →
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