1. Accounting
  2. Recording Financial Transactions
Understanding the Accounting Process
01:28

1.
Understanding the Accounting Process

Understanding an Account
01:23

2.
Understanding an Account

Understanding Debit and Credit
01:24

3.
Understanding Debit and Credit

The Double-Entry Accounting System
01:14

4.
The Double-Entry Accounting System

Debit and Credit Effects for Assets and Liabilities
01:18

5.
Debit and Credit Effects for Assets and Liabilities

Debit and Credit Effects for Owner's Equity
01:18

6.
Debit and Credit Effects for Owner's Equity

Debit and Credit Effects for Revenues and Expenses
01:12

7.
Debit and Credit Effects for Revenues and Expenses

Capital Expenditure
01:22

8.
Capital Expenditure

Revenue Expenditure
01:15

9.
Revenue Expenditure

The Journal
01:23

10.
The Journal

Journalizing
01:28

11.
Journalizing

The Ledger
01:26

12.
The Ledger

Posting in Ledger
01:23

13.
Posting in Ledger

The Recording Process
01:20

14.
The Recording Process

The Trial Balance
01:28

15.
The Trial Balance

Recording Process under GAAP and IFRS
01:30

16.
Recording Process under GAAP and IFRS

Adjusting Entries
01:27

17.
Adjusting Entries

Prepaid Expenses
01:27

18.
Prepaid Expenses

Unearned Revenues
01:19

19.
Unearned Revenues

Accrued Revenues
01:22

20.
Accrued Revenues

Accrued Expenses
01:19

21.
Accrued Expenses