#### In double entry accounting, how do I enter a loan?

I have taken an accounting course several years ago, but I'm a little rusty. I'm using GnuCash, double entry accounting software. I have a loan from a friend, so no interest. I have paid about... more

#### In double-entry book keeping, how should I track planned expenses?

So, I'm working on getting a bit better at managing my household finances and am currently working to learn double-entry bookkeeping. One thing I need to separate out and track a little better is... more

03/16/19

#### How to represent "out of pocket" purchases in general ledger journal entry?

If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease... more

03/16/19

03/15/19

#### Excel - Formula is guessing wrong in Fill Down command?

I know this should be simple but I can't work it out. I have a column that is calculated with the sum of the 3 columns to the left of it. E.g. SUM(C1-C3). When I fill that down, each cell... more

03/15/19

03/07/19

#### Accounting FIFO

In its first month of operation, Ivanhoe Company purchased 320 units of inventory for $5, then 420 units for$6, and finally 360 units for \$7. At the end of the month, 400 units remained.Compute... more

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