Accounting for Beginners #46 / FIFO / First in First Out Journal Entries / Inventory Perpetual

   • Accounting for Beginners / Basics / Tutorial   BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #46 / FIFO / First in First Out Journal Entries / Inventory Perpetual . We are switching gears and going to be discussing everything Inventory in the next few videos. In this video, i discuss FIFO First in First Out. It is a method of valuing the Inventory. I tackle some Journal Entries while using FIFO to value the inventory as we buy and sell Widgets. Watch the video to learn more about how to account for Inventory. 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 and C...   Debits and Credits / Assets = Liabilities + Equity

Accounting For Beginners #2    • Accounting For Beginners #2 / Basics / Acc...   Basics / Accounting Equation

Accounting For Beginners #3    • Accounting for Beginners #3 / Journal Entr...   Journal Entries / Beginner Tips

Accounting For Beginners #4    • Accounting for Beginners #4 / Income State...   Income Statement / Revenue - Expenses

Accounting For Beginners #5    • Accounting  for Beginners #5/ The Balance ...   The Balance Sheet / Basic Tutorial

Accounting For Beginners #6    • Accounting for beginners #6 / Putting an A...   Putting an Asset on the Balance Sheet

Accounting For Beginners #7    • Accounting for beginners #7 / Depreciating...   Depreciating an Asset / Basics

Accounting For Beginners #8    • Accounting for beginners #8 /  Depreciatio...   Depreciation Expense / Basics

Accounting For Beginners #9    • Accounting for beginners #9 / Accounts Rec...   Accounts Receivable / Basics

Accounting For Beginners #10    • Accounting for Beginners #10 / Accounts Pa...   Accounts Payable / Basics

Accounting For Beginners #11    • Accounting For Beginners #11 / Fifo and Li...   Fifo and Lifo Inventory / Basics

Accounting For Beginners #12    • Accounting For Beginners #12 / 1 Journal E...   1 Journal Entry With 2 Assets / Basics

Accounting For Beginners #13    • Accounting for Beginners #13 / Accounting ...   Accounting Study Guide / Template

Accounting For Beginners #14    • Accounting for Beginners #14 / Journal Ent...   Journal Entry with Cash / Expense

Accounting For Beginners #15    • Accounting For Beginners #15 / Journal Ent...   Journal Entry With Cash / Revenue

Accounting For Beginners #16    • Accounting For Beginners #16 / Debits & Cr...   Debits & Credits / Negative Asset

Accounting For Beginners #17    • Accounting For Beginners #17 /  T-Accounts...   T-Accounts / Debits and Credits / Accounting 101

Accounting For Beginners #18    • Accounting For Beginners #18 / What is a D...   What is a Draw? / Withdraw / Distribution / Dividend / Equity

Accounting for Beginners #19    • Accounting for Beginners #19 /  Don't Abbr...   Don't Abbreviate / Accounting 101 / Basics

Accounting For Beginners #20    • Accounting For Beginners #20 / Chart of Ac...   Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses

Accounting For Beginners #21    • Accounting For Beginners #21  / T Account ...   T Account Example / Accounting Tutorial

Accounting For Beginners #22    • Accounting For Beginners #22 / Trial Balan...   Trial Balance Unadjusted / Accounting Basics

Accounting For Beginners #23    • Accounting For Beginners #23 / Cash in a B...   Cash in a Bank Account / Checking Account / Basic Accounting

Accounting For Beginners #24    • Accounting For Beginners  #24 / Does The T...   Does The Transaction Increase Assets / Accounting Basics

Accounting for Beginners #25    • Accounting for Beginners #25 / Accounts Re...   Accounts Receivable Example / Accounting 101 / Accounting Basics

Accounting For Beginners #26    • Accounting For Beginners #26 /  Reducing A...   Reducing Accounts Receivable / We got Paid / Accounting basics.
#Accounting #Exercise #CPA