Hi Farhat, I love your lectures, thank you for it. I have a question regarding to Accrued liability decrease. i watch the video multiples time and googled but I'm not quite understand how decreasing A/L effect net income. Originally, Debit Expense: XXXX , CR A/L XXXX, . and as you mentioned decrease A/L both BS account. You mentioned backed out and vice versa, would you mind giving me a little hint, thank you for your time.
This really helped me on the net income questions. Thank you!!
I'm so glad! Take a look at my intermediate accounting courses: farhatlectures.pathwright.com/library/?category=Intermediate+Accounting
So you subtracted the 9.1 million because it will fully connected next year?
Just making sure. Thank you!!!
Hi Farhat, I love your lectures, thank you for it. I have a question regarding to Accrued liability decrease. i watch the video multiples time and googled but I'm not quite understand how decreasing A/L effect net income. Originally, Debit Expense: XXXX , CR A/L XXXX, . and as you mentioned decrease A/L both BS account. You mentioned backed out and vice versa, would you mind giving me a little hint, thank you for your time.
Wouldn't the $18.1 Million be a debit of unearned revenue and a credit of revenue?
Which minute are you referring to?
@@AccountingLectures 12:18