acct2001 at LSU

2. Expense Recognition

in Chapter 3 (Video 2 of 10)
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If you pay for something today, should we recognize it as an expense? Well, it depends.

The Rest Of The Videos

1 Cash vs. Accrual Accounting 7:21
2 Expense Recognition
You are here. 		8:07
3 Accruals and Deferrals 15:07
4 What is an Adjusting Entry? 4:11
5 Adjusting Entry: Supplies 1:54
6 Adjusting Entry: Wages 4:52
7 Adjusting Entry: Unearned Revenue 2:11
8 Adjusting Entry: Interest 2:03
9 Contra-accounts 4:40
10 Depreciation 7:10
Chapter 4 →

Chapter 3 Practice Problems

Click Here to View All Chapter 3 Problems at Once View
1 Revenue Journal Entry Easy
2 Adjusting Entry Identification Easy
3 Revenue Recognition Easy
4 Revenue Recognition Easy
5 Adjusting Entry - Salaries Payable Moderate
6 Adjusting Entry - Wage Expense Moderate
7 Determining Net Income From Journal Entries Moderate
8 Determining Net Income From Transactions Moderate
9 Prepaid Rent Moderate
10 Revenue Recognition Moderate
11 Adjusting Journal Entries Hard
12 Adjusting Journal Entries Hard
13 Revenue and Expense Recognition Hard
14 The Effect of Transactions Hard
15 When You Forget to do Adjusting Entries Hard
← Chapter 2

Did I miss anything in Chapter 3?

What Did I Miss?