Could you do a similar video on pay roll for the fishing and whaling industries? For example: fishermen (and whalers) don't get paid for weeks, months, and sometimes years; and then it's taken from the Net Profit. How do you record their wages in an accounting book? Thanks.
You are correct Andrew. It is because we are showing regular pay and not including overtime. We will take the video down and adjust. Thank you for letting us know.
Accounting Instruction, Help, & How To I didn’t know there was difference! It is my first time learning this and you have been a huge help this semester for me , thank you for all you do
If you put up screenshots of all the journal entries and where they came from I would have learned more.
Finally I got the point. Thank You.
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Could you do a similar video on pay roll for the fishing and whaling industries? For example: fishermen (and whalers) don't get paid for weeks, months, and sometimes years; and then it's taken from the Net Profit. How do you record their wages in an accounting book? Thanks.
Thank you for the effor you have put in this video
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Clearly explained. Thank you.
Glad it was helpful! please subscribe to our channel for more accounting videos.
Why is salaries and wages expense not 48,719,00? You put 48,896.00 instead , I don’t understand why
You are correct Andrew. It is because we are showing regular pay and not including overtime. We will take the video down and adjust. Thank you for letting us know.
Accounting Instruction, Help, & How To I didn’t know there was difference! It is my first time learning this and you have been a huge help this semester for me , thank you for all you do