PortablePriya: original entry
PortablePriya: actually i think there's only an adjusted entry
PortablePriya: where i would debit salary expense and credit salary payable
PortablePriya: for the amount accrued for the week up till thursday
PortablePriya: oh yes
PortablePriya: so wouldn't it just be one day's pay? since dec.31 falls on a tuesday?
Caroline: 2 days
PortablePriya: they get paid on friday, saturday sunday they're off
PortablePriya: then monday they work
PortablePriya: tuesday they don't work
Caroline: tuesday they work
PortablePriya: oh okay, i thought they got a holiday, haha
Caroline: it's accounting
Caroline: no holidays
Monday, February 16, 2009
It's Accounting. No Holidays.
I'm taking Basic Principles of Accounting this semester, as part of my Finance minor, and it's killing my soul a little bit. I haven't felt this insanely out of my league since I took Statistics over the summer. This kind of prolonged inferiority is proving to be kind of bad for my self-esteem (I know you'd never be able to tell I was insecure if I wasn't constantly complaining about it, HA). Thank god I have someone to help me when I'm totally stumped! Here's a conversation where I learn about cold, hard, mathematical reality.