ACCOUNTING 101
Revenue, Issuing Stock And Dividends
Today we will be expanding on the concepts from yesterday without over complicating things.
It is critical to understand how to record revenue for a business. We will look at three different scenarios.
Issuing stocks and paying dividends are two situations that are guaranteed to come up but are often really challenging for students to wrap their heads around.
Step 3: Knowledge Check - DO THIS
Debits and credits are messy until they aren't. This is something you MUSTTTTTTT practice.
Start by drawing out your QT chart like we did in the lesson (yes, again..knowing this is everything) and then try these questions.
