How to Record a Computer Purchase with a T Account! 💻💰 #accountingpro #taccount #finance
0:56
YouTubeAccounting Pro
How to Record a Computer Purchase with a T Account! 💻💰 #accountingpro #taccount #finance
Let’s tackle a business purchase with T Accounts! Say you buy a $2,000 computer, pay $1,000 in cash, and owe $1,000 later. Here’s how it works!" "Cash decreases by $1,000—credit the right side. Equipment increases by $2,000—debit the left side. Accounts Payable (what you owe) increases by $1,000—credit the right side. Debits ($2,000 ...
18 views5 months ago
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