Ask Experts Questions for FREE Help !
Ask
    sjtryhard's Avatar
    sjtryhard Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 27, 2010, 09:30 AM
    Free accounting anwsers for beginners
    Ok your all smart. Please help me understand the basics. From journel entries to individual t accounts to the ledger.Is that right? I know I am a real beginner. Thanks so much
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Mar 28, 2010, 02:28 AM

    I don't get what the question is. The only thing I can tell you is that you don't do both t accounts and ledger accounts. Ledger accounts are the "real thing." T accounts are like a scrap paper shortcut way of doing a ledger account. So it's one or the other, not both.

    If you're not understanding journal entries, then you're talking about a lot of stuff that requires more than one simple post. Do you think you could get more specific?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Free managerial accounting help [ 4 Answers ]

1. Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted: Work-in-process inventory (January 1) $140,400 Work-in-process inventory (March 31) 171,000 Finished goods inventory...

Accounting questions free [ 2 Answers ]

This company has not kept proper accounting records and these are the records and balances: 2007 2008 Bank 14,500 -3,800 Accounts Receivable 10,350 14,780 Delivery Vehicles ...

Accounting homework help free [ 4 Answers ]

No. Account Title Debit Credit 101 Cash $7,500 104 short term investment 23,500 126 supplies 8,100 128 Prepaid insurance 8,600 167 Equipment 40,000 168 Accumulated depreciation-Equipment $20,000 173 Building 177,000 174 Accumulated depreciation-Building 59,000 ...

Free accounting formula [ 1 Answers ]

I have this problem to solve: for Noname Company, variable costs are 60% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's net income goal. Use the contribution margin approach.) I...

View more questions Search