Thank you so much! I've spent so long trying to figure out why my Unadjusted Trial Balance + Adjustments weren't adding up to the Adjusted Trial Balance. Turns out they aren't supposed to, and now I understand why. I can't thank you enough for such a very clear, very easy-to-follow lesson.
Hi Angeline! You can find all of my videos for that class by going to my playlists and clicking on the playlist called Introduction to Accounting I. On the list of videos, you are looking for videos 105-107. Here is a link to my playlists: www.youtube.com/@RexJacobsen/playlists Also, video 116 might be what you are looking for: ruclips.net/video/dX_CkEcU4j0/видео.html
Plse help me anyone bez I have doubt about the supplies and supplies expenses, here in this video there is 3 adjustments, 2nd and 3rd adjust has both debit and credit effect in the column of adjusted TB , ok supplies expense is an expense but what about the supplies showed below the Tb
It all depends on how frequently the company wants to produce their financial statements. They must be done at least annually. Companies trading on the stock markets of the U.S. (like Microsoft and Nvidia) must publish their financial statements quarterly, so they can't choose the annual time period.
Thank you so much! I've spent so long trying to figure out why my Unadjusted Trial Balance + Adjustments weren't adding up to the Adjusted Trial Balance. Turns out they aren't supposed to, and now I understand why. I can't thank you enough for such a very clear, very easy-to-follow lesson.
Thankyou sir, this is helpful for us ABM Students 💗✨
Thanks, Francea, I'm glad it was helpful!
One video ! I Learned everything Thank you
😂 ty!!! My eyes crossed doing this on my own 🎉
When n y is this used? I thought to catch errors or for accountant to catch our errors?
The adjusted trial balance is used at the end of the accounting period to update the accounting records.
@@RexJacobsen ty.
Thank you this was the best lesson on this subject I could find!
Glad it was helpful!
That was very helpful. Thank you.
You're welcome!
Thanks this made it more clear !
I'm glad it helped, Yuki!
From Bangladesh.
❤❤❤
From Seattle, WA, USA 💖💖💖
Awesome!
Marvelous
Tksmmmm❤❤❤❤
Glad it was helpful, Jade!
can you help me find your video after this one?🙂 preparing income statement and balance sheet. Thank you
Hi Angeline! You can find all of my videos for that class by going to my playlists and clicking on the playlist called Introduction to Accounting I. On the list of videos, you are looking for videos 105-107. Here is a link to my playlists: www.youtube.com/@RexJacobsen/playlists Also, video 116 might be what you are looking for: ruclips.net/video/dX_CkEcU4j0/видео.html
Plse help me anyone bez I have doubt about the supplies and supplies expenses, here in this video there is 3 adjustments, 2nd and 3rd adjust has both debit and credit effect in the column of adjusted TB , ok supplies expense is an expense but what about the supplies showed below the Tb
Office supplies is treated as current asset and at the end of the period they are expensing it
What is the best accounting period time frame? Is it yearly or quarterly?
It all depends on how frequently the company wants to produce their financial statements. They must be done at least annually. Companies trading on the stock markets of the U.S. (like Microsoft and Nvidia) must publish their financial statements quarterly, so they can't choose the annual time period.
Hello sir! Is there any way I can become one of your students? Im really in need of guidance😢🙏
Hi Joshua, I have some of my older accounting classes completely on RUclips. I suggest checking them out on my playlists.
Aliyah Ford
the real answer is 29,300 not 28,300
Thanks! I will fix that and post the corrected version.
@@RexJacobsen your'e welcome
Hindi Urdu
Thanks sir and please for your number