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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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