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1:22
YouTube
Accounting Stuff
How to Account for Invoices
Sending an invoice changes your books, but how depends on your accounting method. Under accrual accounting, revenue is recorded when it's earned (usually when you issue the invoice): 👉 Dr Accounts Receivable $500 👉 Cr Revenue $500 Then when payment arrives: 👉 Dr Cash $500 👉 Cr Accounts Receivable $500 Under cash accounting, the ...
5.7K views
4 weeks ago
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Why do we have margins? Rats! well, partly. People really did leave empty space around the edges because rats kept nibbling off important information. But although rodents accidentally helped inspire the habit, the margins we use today also developed for a smudge free, practical life. So yes, rats chewed on pages. But the bright red margin line? That came later, thanks to typewriters and neatness rules. Still, if you forget an assignment, don’t blame the dog. Just say the rats ate your homework!
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