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

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

What are the effects of depreciation?

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

How do I convert XLSX to CSV?

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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