Accounting For Beginners 11 Fifo and Lifo Inventory Basics

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• Accounting for Beginners / Basics / T... BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! I go over the difference between FIFO and LIFO Inventory Accounting methods, in this Basic Accounting Tutorial for Beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. • Accounting For Beginners #1 • Accounting for Beginners #1 / Debits ... Debits and Credits / Assets = Liabilities + Equity • Accounting For Beginners #2 • Accounting For Beginners #2 / Basics ... Basics / Accounting Equation • Accounting For Beginners #3 • Accounting for Beginners #3 / Journal... Journal Entries / Beginner Tips • Accounting For Beginners #4 • Accounting for Beginners #4 / Income ... Income Statement / Revenue - Expenses • Accounting For Beginners #5 • Accounting for Beginners #5/ The Bal... The Balance Sheet / Basic Tutorial • Accounting For Beginners #6 • Accounting for beginners #6 / Putting... Putting an Asset on the Balance Sheet • Accounting For Beginners #7 • Accounting for beginners #7 / Depreci... Depreciating an Asset / Basics • Accounting For Beginners #8 • Accounting for beginners #8 / Deprec... Depreciation Expense / Basics • Accounting For Beginners #9 • Accounting for beginners #9 / Account... Accounts Receivable / Basics • Accounting For Beginners #10 • Accounting for Beginners #10 / Accoun... Accounts Payable / Basics • Accounting For Beginners #11 • Accounting For Beginners #11 / Fifo a... Fifo and Lifo Inventory / Basics • Accounting For Beginners #12 • Accounting For Beginners #12 / 1 Jour... 1 Journal Entry With 2 Assets / Basics • Accounting For Beginners #13 • Accounting for Beginners #13 / Accoun... Accounting Study Guide / Template • Accounting For Beginners #14 • Accounting for Beginners #14 / Journa... Journal Entry with Cash / Expense • Accounting For Beginners #15 • Accounting For Beginners #15 / Journa... Journal Entry With Cash / Revenue • Accounting For Beginners #16 • Accounting For Beginners #16 / Debits... Debits Credits / Negative Asset • Accounting For Beginners #17 • Accounting For Beginners #17 / T-Acc... T-Accounts / Debits and Credits / Accounting 101 • Accounting For Beginners #18 • Accounting For Beginners #18 / What i... What is a Draw? / Withdraw / Distribution / Dividend / Equity • Accounting for Beginners #19 • Accounting for Beginners #19 / Don't... Don't Abbreviate / Accounting 101 / Basics • Accounting For Beginners #20 • Accounting For Beginners #20 / Chart ... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses • Accounting For Beginners #21 • Accounting For Beginners #21 / T Acc... T Account Example / Accounting Tutorial • Accounting For Beginners #22 • Accounting For Beginners #22 / Trial ... Trial Balance Unadjusted / Accounting Basics • Accounting For Beginners #23 • Accounting For Beginners #23 / Cash i... Cash in a Bank Account / Checking Account / Basic Accounting • Accounting For Beginners #24 • Accounting For Beginners #24 / Does ... Does The Transaction Increase Assets / Accounting Basics • Accounting for Beginners #25 • Accounting for Beginners #25 / Accoun... Accounts Receivable Example / Accounting 101 / Accounting Basics • Accounting For Beginners #26 • Accounting For Beginners #26 / Reduc... Reducing Accounts Receivable / We got Paid / Accounting basics • #Accounting #Exercise #CPA • #Accounting #Exercise #CPA

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