Over the course of the year, we earned some money.

converter, euro, money, cash, calculator

Let's now account for the same series of events but instead of doing it on a cash basis

And so your profit is 100.

They see opportunity.

I bought a watch with cash.

Now, the reality is you didn't get the cash forward, and you had to spend 200 of cash out of your pocket, so you're still, just like the cash accounting, you're still going to have negative 100 in cash.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

Can I pay 100 for it to you this month, and then maybe pay another 100 to you next month?

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

Pay your dues to the treasurer.

This is actually not a bad situation for me.

I guess you could say non cash assets, right?

If you have to rent a car, find a place that will take a cash deposit.

He entered up the sum in his account book.

Now when you look at either basis on month one, it's the same thing so it's not that interesting

My share in cash. Now.

Cash.

Cash.

But we don't get any revenue because we're doing the cash basis accounting

We suspected our cashier of stealing the funds.

The company presented him with a gold watch on the day he retired.

And that's literally the money that they give you at a certain period of time.

Yes, exactly.

Cash, please.

Cash!

Anyway, factory tooling.

The bill please.

Check.

Jerry is the bean counter for our company.

Cash only.

Cash cards, ID, and this.

The bill, please.

Let's get a check.

The company gave him a gold watch in acknowledgement of his services.

They provide wholesale and warehousing.

I'll just put a C there.

So it looks like you took a loss negative 100.

Cash or credit?

Here's some cash.

But today it's cash.

Cash on hand.

Actually, I don't have any cash.

About 600,000 people have taken it in 33 other countries.

He went out to lunch one day and never came back.