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4 days ago | 0
Thank you for posting the questions. I often do these as I’m scrolling on the fly it’s a really good refresher! Never taken the time to say thanks until now 👍🏻
3 days ago
| 2
Just wanna say keep posting these there a great way for me to just jog my memory a bit and i appreciate it thank you!
1 day ago
| 0
"For cash" threw me a little. With cash would be the wording. Sounds like a revenue, but the equipment is bought not sold. My luck is that I am an accountant. Tho in my country we have different system even if is double entry. I am following your channel because I want to study IFRS (international financial reporting standards) and the differences between charts of accounts.
3 days ago
| 3
I describe the word for to get the answer by saying f from the word for - r from the same word for or 7 - 5 is equal to the second option Debit Equipment, Credit Cash ❤
3 days ago
| 0
“For cash” made it sound like it should be revenue instead.
4 days ago
| 1
Genuinely curious, why would cash be credited if it’s being decreased? Wouldn’t the cash be debited from account since it’s making a purchase?
3 days ago
| 0
Please take a look at how you laid out your question. Isn't it supposed to say " if equipment is purchased ON cash "?
3 days ago
| 0
Accounting Stuff
When equipment is purchased for cash, the Journal Entry is...
4 days ago | [YT] | 266