Current Liabilities Explained | Accounting How To | How to Pass Accounting Class
Current Liabilities Explained | Accounting How To is an accounting tutorial explaining what the purpose of a note receivable is, how to set up a new note receivable on the balance sheet, how to determine interest on notes receivable for full and partial months, and gives a step-by-step example of a note receivable from start to maturity with journal entries for each. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Accounting Basics for Business Owners. ⏰ Accounting How To Time Stamps: 00:00 Hilarious Accounting Humor 00:24 What is a Current Liability? 01:30 What is a Non-current Liability (Long-term Liability)? 01:39 Why do we categorize liabilities? 02:00 Introduction to the categorized balance sheet 02:18 Common current liability accounts 03:00 Introduction to Financial Ratios Link to Current Assets video: • Current Assets Explained | Accounting How ... 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: https://youtube.com/playlist?list=PLP... 🎥 Accounting Basics for Business Owners • Accounting Basics for Business Owners | Ac... 📚 Get Caroline’s books on Amazon: Strength in Numbers: Fast and Easy Accounting Basics for Business Owners https://www.amazon.com/gp/product/B09... Solving the Cash Flow Puzzle: Practical Solutions for Common Financial Problems in Your Business https://www.amazon.com/gp/product/B09... 🔗 Associated Links YouTube: https://www.youtube.com/channel/UCQP3... Website: https://accountinghowto.com/ Facebook: / accountingho. . LinkedIn: / caroline-. . Caroline’s Historical and Contemporary Fiction site: https://talesofoldnewengland.com/ and http://magicofacadia.com/. Caroline’s Amazon Author Pages: Fiction books: https://www.amazon.com/Caroline-D-Gri... Business books: https://www.amazon.com/Caroline-Grimm... #accountinghowto #accounting #accountingbasics
