In intro accounting, it’s important to know terminology so you’re speaking the same language as your professor. Capitalizing vs expensing is an important distinction for how we handle costs. Capitalizing means adding it to an asset on our balance sheet, while expensing means adding it to an expense account on our income statement. #accounting #study #unitok #fyp #foryou
2:06
In intro accounting, it’s important to know terminology so you’re speaking the same language as your professor. Capitalizing vs expensing is an important distinction for how we handle costs. Capitalizing means adding it to an asset on our balance sheet, while expensing means adding it to an expense account on our income statement. #accounting #study #unitok #fyp #foryou
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