Revenues are an increase in SEEpenses are a decrease in SEWhen expenses exceed revenues, net loss occurs Fiscal year a 12-month accounting period Interim periods accounting periods of less than a year The matching ruleMatching rule to measure the net income adequately, revenues and expenses must be assigned to the accounting period in which they occur regardless of when the cash is received or paidRevenues and expenses are recorded in the periods in which they occur rather than in the periods in which they are received or paid. The revenue and expense are recognized now even though they will be paid laterRecord revenues when earnedRecord expense when incurred Adjust accountsSo step one and two when contract is signedStep 3 when payment takes place This is important because of responsible spending? Adjusting entries when transactions span more than one accounting periodFour situation s in which they must be madeNever affects cash account because with cash everything is set immediatelyAlways includes one balance sheet account and one income statement accountAllocating recorded costsYou have an asset because you prepaidit for 2 monthsPrepaid rent, asset increases = debitCash decreases = creditWhen the month of renting expires the value of prepaid rent decreases by one month so half of the money decreases: per period Rent expense on debit is money per periodAdjusting entry involves asset account and expense account Recognizing unrecorded expensesDon’t pay every month but at one point you will have to pay everythingOn the date of payment wages payable is full moneyUntil there, per period you put in a part of the total amountAdjusting entry involves expense account and liability account Allocating recorded, unearned revenues between periodsPaid in advancefor whole year but company has not delivered service yetSo is unearned revenuesBegin of period you receive all cash: cash up on debit, unearned...

Access: 
For JoHo WorldSupporters members with online access and services
Access for JoHo members only: how does it work?

Access for JoHo members only: how does it work?

Access level for JoHo WorldSupporter members

How to get online access as a JoHo WorldSupporter member?

1 - Go to JoHo.org/en/joinjoho, and join JoHo WorldSupporter by choosing a membership with online access

2 - Return to WorldSupporter.org and create an account with the same email address

3 - State your JoHo WorldSupporter Membership during the creation of your account, and you can start using the services

  • You have online access to all free + all exclusive summaries and study notes on WorldSupporter.org and JoHo.org
  • You can use all services on JoHo WorldSupporter.org (EN/NL)
  • You can make use of the tools for work abroad, long journeys, voluntary work, internships and study abroad on JoHo.org (Dutch service)

Already an account?

  • In case you have previously created a WorldSupporter account then, after registering with JoHo, you can change your status on your WorldSupporter account to membership with full online access. Edit your account and see under 'Profile' for the change.
  • Note: Again, you must have used the same email address.

Why to join JoHo WorldSupporter as a member?

  • Benefits of joining WorldSupporter:
    • You can use the navigation and follow your favorite supporters and organizations
    • You can create your own content, add contributions and post messages
    • You can save and collect your favorite content
    • You can read the posts and updates
  • Benefits of joining WorldSupporter with full online access:
    • free access to all  he pages and summaries on WorldSupporter that are exclusive for members with an additional contribution to the goals of WorldSupporter
Join WorldSupporter!

Join with an account for more service, or become a member with full access and support of WordSupporter

Check more of this topic?
Work for WorldSupporter

Image

JoHo can really use your help!  Check out the various student jobs here that match your studies, improve your competencies, strengthen your CV and contribute to a more tolerant world

Working for JoHo as a student in Leyden

Parttime werken voor JoHo

Search other summaries?

Image

Follow the author: Eva
More contributions of WorldSupporter author: Eva:
Comments, Compliments & Kudos:

Add new contribution

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.
Promotions
vacatures

JoHo kan jouw hulp goed gebruiken! Check hier de diverse studentenbanen die aansluiten bij je studie, je competenties verbeteren, je cv versterken en een bijdrage leveren aan een tolerantere wereld

Check how to use summaries on WorldSupporter.org


Back to top

Online access to all summaries, study notes en practice exams

Back to top

Using and finding summaries, study notes en practice exams on JoHo WorldSupporter

There are several ways to navigate the large amount of summaries, study notes en practice exams on JoHo WorldSupporter.

  1. Use the menu above every page to go to one of the main starting pages
    • Starting pages: for some fields of study and some university curricula editors have created (start) magazines where customised selections of summaries are put together to smoothen navigation. When you have found a magazine of your likings, add that page to your favorites so you can easily go to that starting point directly from your profile during future visits. Below you will find some start magazines per field of study
  2. Use the topics and taxonomy terms
    • The topics and taxonomy of the study and working fields gives you insight in the amount of summaries that are tagged by authors on specific subjects. This type of navigation can help find summaries that you could have missed when just using the search tools. Tags are organised per field of study and per study institution. Note: not all content is tagged thoroughly, so when this approach doesn't give the results you were looking for, please check the search tool as back up
  3. Check or follow your (study) organizations:
    • by checking or using your study organizations you are likely to discover all relevant study materials.
    • this option is only available trough partner organizations
  4. Check or follow authors or other WorldSupporters
    • by following individual users, authors  you are likely to discover more relevant study materials.
  5. Use the Search tools
    • 'Quick & Easy'- not very elegant but the fastest way to find a specific summary of a book or study assistance with a specific course or subject.
    • The search tool is also available at the bottom of most pages

Do you want to share your summaries with JoHo WorldSupporter and its visitors?

Back to top

Quicklinks to fields of study for summaries and study assistance

Field of study

Back to top
Check the related and most recent topics and summaries:
Activity abroad, study field of working area:
Countries and regions:
Institutions, jobs and organizations:
Access level of this page
  • Public
  • WorldSupporters only
  • JoHo members
  • Private
Statistics
703