T-Accounts Quiz (Part 5 of 5)
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YouTubeAccounting Stuff
T-Accounts Quiz (Part 5 of 5)
📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop How well do you know T-Accounts? Try to answer these three questions: 19. A business has an opening balance of $12,000 in Sales Revenue. During the month, they earn $5,000 in revenue and close the account. What is the closing balance of the T-Account ...
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Rachel Cruze on Instagram: "Here are the 3 accounts I recommend: 1️⃣ A checking account for everyday spending and bills. 2️⃣ An emergency fund: start with $1,000 while you’re paying off debt, then grow it to 3–6 months of expenses in a high-yield savings account. 3️⃣ A separate savings account for things like vacations, a new car, or Christmas, this can be a HYSA too!"
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Rachel Cruze on Instagram: "Here are the 3 accounts I recommend: 1️⃣ A checking
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