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Accounting Comic strip

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Accounting Comic strip
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Storyboard Text

  • Hardin's tax company
  • Office meeting @ 3
  • I heard some of our new employees need refreshing on how we do things around here.
  • What is this meeting for Matt?
  • Prepaid Expensefuture expense paid in advance Accrued Expense Debit to an expense account
  • How to do it correctly and why it is
  • Accrued Revenue Earned by providing a good or serviceReversing EntryMade in accounting period 
  • If you dont know how to do something you ask another employee!!!
  • Unearned Revenue Money received for a service that hasn't been providedDeferred RevenueAn asset on the balance sheet until expenses are incurred
  • Prepaid Expensefuture expense paid in advance Accrued Expense Debit to an expense account
  • WE all understand whats on the board Mr. Hardin
  • How to do it correctly and why it is
  • Accrued Revenue Earned by providing a good or serviceReversing EntryMade in accounting period 
  • Unearned Revenue Money received for a service that hasn't been providedDeferred RevenueAn asset on the balance sheet until expenses are incurred
  • Prepaid Expensefuture expense paid in advance Accrued Expense Debit to an expense account
  • How to do it correctly and why it is
  • Accrued Revenue Earned by providing a good or serviceReversing EntryMade in accounting period 
  • I have wrote down the simply basics on the board PLEASE take NOTES for the future
  • Unearned Revenue Money received for a service that hasn't been providedDeferred RevenueAn asset on the balance sheet until expenses are incurred
  • If you need help ill be at my desk if you take your notes you should be good
  • Matt do you understand what we are to be dong? I don't understand a thing!
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