acct209 at Texas A&M

1. Cash vs. Accrual Accounting

in Chapter 3 (Video 1 of 10)
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Some businesses operate on the Cash Basis of accounting, but most are on the Accrual Basis. Cash is super simple, Accrual gets a little trickier.

This Video Mentioned Some Formulas

Revenues
– Expenses
Net Income

The Rest Of The Videos

1 Cash vs. Accrual Accounting
You are here. 		7:21
2 Expense Recognition 8:07
3 Accruals and Deferrals 15:07
4 What is an Adjusting Entry? 4:11
5 Adjusting Entry: Supplies 1:54
6 Adjusting Entry: Wages 4:52
7 Adjusting Entry: Unearned Revenue 2:11
8 Adjusting Entry: Interest 2:03
9 Contra-accounts 4:40
10 Depreciation 7:10
Chapter 4 →

Chapter 3 Practice Problems

Click Here to View All Chapter 3 Problems at Once View
1 Revenue Journal Entry Easy
2 Adjusting Entry Identification Easy
3 Revenue Recognition Easy
4 Revenue Recognition Easy
5 Adjusting Entry - Salaries Payable Moderate
6 Adjusting Entry - Wage Expense Moderate
7 Determining Net Income From Journal Entries Moderate
8 Determining Net Income From Transactions Moderate
9 Prepaid Rent Moderate
10 Revenue Recognition Moderate
11 Adjusting Journal Entries Hard
12 Adjusting Journal Entries Hard
13 Revenue and Expense Recognition Hard
14 The Effect of Transactions Hard
15 When You Forget to do Adjusting Entries Hard
← Chapter 2

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