Accounting for beginners #6 / Putting an Asset on the Balance Sheet

#Accounting #Exercise #CPA
#Accounting #Exercise #CPA

[mchuy]

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[B.ANGELS]

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[awesomeianmarco]

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[sanaaomari]

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[jessica]

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[leonardbryanvelasco]

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[duright]

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[Waseem]

I have my final accounting exam tomorrow and I've literally only been to two lectures (group assignment presentation and individual assignment hand in) so I literally didn't know shit, honestly feel like I've actually learnt more in one hour than I would have in the 20 or so hours in class

[ekambhatti]

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[gospelteawithtee]

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[liliamontiel]

Is Cash always considered an Asset, even if it is money going out?? I feel like I would want to count it as an Expense, but it also makes sense that minusing cash from assets, is like drawing from equity. If that makes sense, lol! By the way, my school's faculty mentors are sharing your videos with accounting students. You are SO appreciated for making these videos, even if sometimes you feel like you aren't explaining things well. I know I enjoy these videos and will be watching every single one :)

[boburibnyusuf]

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