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Resources for Accountants

Journal Entry for Loan [Video]

Journal Entry for Loan

When a company borrows money by taking out a loan, the borrower debits the cash account (an asset) and credits either loan payable or note payable (a liability). The lender would debit loan receivable and credit the cash account.

When interest is accrued on the loan, the borrower must record interest expense and credit interest payable (or credit the cash account if the interest is paid immediately). The lender would debit interest receivable (or the cash account) and record interest revenue.

When the loan is repaid, the borrow should (1) record interest expense for the final period, (2) debit interest payable for any previously unpaid interest, (3) debit loan payable, and credit the cash account.

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Categories
Resources for Accountants

Mastering Conflict Resolution & Feedback 💼✨ | Wallstreetmojo Communication Skills Series [Video]

🤝 Welcome to the next installment of Wallstreetmojo's Communication Skills series! 💬 In this video, we delve into the crucial skills of conflict resolution and giving effective feedback.Join us as we explore strategies to manage and resolve conflicts constructively in the workplace, ensuring a harmonious and productive environment. We'll also cover the art of delivering feedback that is clear, constructive, and motivating.Whether you're a team leader, manager, or just looking to improve your interpersonal skills, this video provides practical insights and actionable strategies to handle conflicts and provide feedback that fosters growth and improvement.Hit that subscribe button to stay updated on our latest videos, and let's navigate the complexities of conflict resolution and feedback together! 🚀

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Resources for Accountants

How to Start an Ice Cream Company Business | Free Ice Cream Business Plan Template Included [Video]

Starting an Ice Cream Company business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com

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Resources for Accountants

5 Reasons why students fail the CIMA MCS/Gateway Exam - CIMA Management Case Study Exam Tips [Video]

In this video we look at the Main reasons why students fail the CIMA MCS or Gateway Examination. Good luck to you! Download the Self-study content I've put together for you via the below link. https://drive.google.com/drive/folders/19RGJNEt9QJPsJyDNvW6T7-CRAtqNjZaK?usp=sharing Visit the Official CIMA SCS Website now for all details of the World's Best CIMA SCS Coaching Program!Link - https://cimascs.com/ To start your CIMA SCS May 2022 Exam Prep with OTQ Essentials Revision, review the video and share the below details with us now to azman.branudeen@gmail.com.NameSelected Option (Coach/ Mentor/ Absolute/ Complete/ Revision Only)Gmail AddressWhatsApp ContactCountry of Examination Visit my Dedicated YouTube playlist with exclusive content from my Coaching Program catered to the May 2022 & August 2022 Examination Session! There is a ton of content here that can help you and will be the perfect support toolset to use with my Guided Prep Solution.https://youtube.com/playlist?list=PL2zsBoa-zxMhZpEfKlb9JcycdXfNqBWF2 To get 1-1 Career Guidance/ Educational Counselling/ Teacher Coaching and Mentoring Services by me, review the details via the below link and Register NOW!!!https://forms.gle/11ETUQrr5MbP5Bvf8 Sign Up for my Newsletter via the link and the updates on all educational and professional initiatives by AZB Education.https://bit.ly/3trOalt Tune in and subscribe to the channel to stay updated on the content.Link - https://www.youtube.com/c/AzmanBranudeenI am using my YouTube channel as a medium to support students who are scattered around the globe with the genuine hope that it will elevate your standards of personal growth, professional development and education. Check out my Facebook reviews page to see what some of my esteemed and humble learning partners have to say about the process of working with AZB Education at the FB Reviews Link (below).https://www.facebook.com/AzmanBranudeen/reviewsConnect with me on social media, become part of my Patreon Community and learn about me via LinkedIn or even write to me via mail. Blog - https://goodteacherguide.com/ Patreon - https://www.patreon.com/azmanbranudeen LinkedIn - https://www.linkedin.com/in/azmanbranudeen/ Instagram - https://www.instagram.com/azman_branudeen/ Facebook - https://www.facebook.com/AzmanBranudeen/ Email - azman.branudeen@gmail.com--As time permits I do try to upload relevant content for students and their personal development. Write to me and connect with me. AZB is committed to collaborative development efforts for students around the world. Write to me directly for any other inquiries or even to say Hi and ask anything you want. I am a content creator developing content for students and professionals for their personal development and professional growth. My company is AZB Education, which is committed to collaborative development efforts for learners around the world. You can let me know of specifics you want me to touch on, with respect to Personal Development and Professional Growth. Because I am the best in the game, and when I am not, I figure out how to become the best. Just like how life works! Keep Learning and Keep Living!2022 © Azman Branudeen & AZB Education. All Rights Reserved.#CIMA #AzmanBranudeen #CIMAStrategicCaseStudy #CIMASCSMay2022 #CIMASCSAugust2022 #SCSwithAZB #AZBEducation #PasswithAZB #SCS #BestLecturer #BestStudent #ACMA #CGMA #AICPA #CIMASCSwithAZB #CIMAUK #PersonalDevelopment #ProfessionalDevelopment #CareerGrowth #Education #SocialInfluencer #Teacher #YouTuber #Mentor #Trainer #Lecturer #StoryTeller #Speaker #ContentCreator #EducationManagement #Educate #Empower #UnleashYourPotential #PersonalGrowth #UnleashYourPotentialwithAZB

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Resources for Accountants

How to Start an Index Fund Business | Free Index Fund Business Plan Template Included [Video]

Starting an Index Fund business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com