Do you have problems trying to understand "Revenue and other income" topic? Confused about Income receivable and Income received in advance? Don't worry, I had developed a concise 3 part video (Average 8min each) to go through the understanding, application and interpretation of questions for this difficult topic. With my video lessons, scoring As in this topic is made so much easier!
In this 1st video, I will be introducing to you Revenue Recognition concept, income receivable and income received in advance. A good foundational understanding of the concepts is required before applying the concepts to questions.
In this 2nd video, I will be showing you how to apply the concepts to answering question. The most important takeaway from this video lesson for students is to understand the logic behind the journal entries. I will demonstrate how to apply the concepts to answer 2 questions.
In this 3rd and last video, I will be teaching you how to read ledger account entries. You will need to understand how to read ledger account entries before learning how to interpret the entries.