Adjusting Entries for Accrued Expenses Financial Accounting Tutorial 19

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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP • In this financial accounting tutorial I begin explaining adjusting entries and how they are either revenue or expense adjustments, never involve cash and are prepared at the end of an accounting period (passage of time). This first adjustment example will include salaries expense and a payable being accrued. Creating an adjustment will allow us to comply with the matching principle by matching expenses with revenues earned for the period (month). • ** Notepirate is privately owned and exclusive to notepirate.com. ** • Website: http://www.notepirate.com • Follow us on Facebook: / 514933148520001 • Follow us on Twitter: / notepirate • We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!

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