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Greg C.
Accounting professional
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Microsoft Excel
TutorMe
Question:

What is the hotkey for adding a filter on a particular data set?

Greg C.
Answer:

Ctrl + Shift + L

Finance
TutorMe
Question:

What are the four main financial statements of company?

Greg C.
Answer:

Income statement (revenue - expenses = net income) Statement of cash flows (beginning cash +- operating cash flow +- investing cash flow +- financing cash flow = ending cash) Balance sheet (assets = liabilities + equity) Statement of equity

Accounting
TutorMe
Question:

Company XYZ buys inventory on account for $1,000. List the journal entry for this financial transaction.

Greg C.
Answer:

Dr. Inventory $1,000 Cr. Accounts Payable $1,000

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