Originally posted by: gorcorps
last final for you ever and it's an INTRO class?
Originally posted by: state 08
I took that 4 years ago... I remember:
Last in First Out (LIFO) and First In First Out (FIFO).
That's about it.
Originally posted by: CPA
Originally posted by: state 08
I took that 4 years ago... I remember:
Last in First Out (LIFO) and First In First Out (FIFO).
That's about it.
Don't forget:
Assets = Liabilities + Owner's Equity
oh, and debits are on the left, credits on the right and EVERY entry MUST balance between debits and credits.
Originally posted by: CPA
Originally posted by: state 08
I took that 4 years ago... I remember:
Last in First Out (LIFO) and First In First Out (FIFO).
That's about it.
Don't forget:
Assets = Liabilities + Owner's Equity
oh, and debits are on the left, credits on the right and EVERY entry MUST balance between debits and credits.
Originally posted by: Michael
It is that simple, even in business.
What is hard is deciding how much and where vertically it belongs in the statements, not if it goes on the left or right.
<grin>
Michael
Originally posted by: krunchykrome
lol, is accounting your major?