3rd February 2006, 6:55 PM
Quote:What exactly is it that they do in accounting that you like?
Right now we're working on double-entry accounting, where you have debits and credits that balance each other out. For example, if I spent $2000 on office equipment I'd have a debit for $2000 worth of equipment and a credit for $2000 worth of cash. This chapter we've been looking at depreciation of equipment and use of supplies as well as prepaid expenses, accrued revenue/expenses, and unearned revenue and how to enter that into a journal and ledger.
Quote:What is accounting?
Keeping track of the movement of money, equipment, supplies, rent, insurance, wages and so on as well as putting it all together to show to others who can use it.
Sometimes you get the scorpion.