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1:46
YouTube
Accounting Stuff
How Journal Entries Are Posted to the General Ledger
Every transaction recorded by a business needs to find its way into the General Ledger. But how does that actually happen? In this video, I walk through a simple example using a fictional gym in Pewter City. You'll see how a business transaction is first recorded as a Journal Entry, how debits and credits affect different accounts, and how ...
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That’s a rough one. - - Kenan Thompson lost an estimated $1.5 million in childhood earnings after a trusted family accountant absconded with his money. Thompson, who had granted the accountant power of attorney, discovered the devastating theft while attempting to buy his first home in Atlanta. He later faced unpaid tax issues with the IRS, which forced him into bankruptcy.
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